Trading Volume in this Current Stock Market Situation $SPY $QQQ
In order to believe in a rally, one would like to see volume. We are currently in a trading range. It is very hard to make money in trading ranges. You really would like to see breakouts with strong volume. Maybe it is the holiday weekend. However volume is tepid. Not overly encouraging if we are going to new highs. You need to see conviction. Conviction seems to be lacking on the behalf of institutional investors…
Take it day by day and have a trading plan.