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Thursday, March 28, 2024

Volume Is Back…To Abysmal

Courtesy of Tyler Durden

To all the sophisticated technical and fundamental analysts out there, we have some simple time and money saving tips. When the volume in the market plunges like today, the market will surge. End of story, no more ‘sophisticated’ analysis needed. As the charts below show, after exploding in the beginning of last week, purely due to various mutual and hedge funds succumbing to the dreaded affliction known as “selling”, volume has since plummeted allowing the HFTs to step right back in with the vapor melt up program on full tilt. Should volume spike again the robots will pull the fake bids and the market will plunge once again. And to all who continue to trade this exclusively headline driven market, where one wrong word can shut down the entire HFT churn/scalp crew, we once again express our condolences.

Cumulative divergence from average.

And daily volume. Lowest since February 14

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