This SPY 2 Year chart is a study of ATR...Average True Range and Volume....notice when ATR is lowest and price is highest, the sell off is very abrupt....this time we also have 3 months of declining volume against increasing prices.....this has the potential to be explosive...to the down side ....expect wide volital swings and an incerasing Vix....also notice the 2007 Aug to nov price / volume divergence as well...
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