Busy day today here on zentrader. Hard not to be glued to the charts as it’s not everyday we’re knee deep in a crises (although it sure does feel eerily familiar).
I thought last week was bad with selling pressure and a potential extreme since I remember tracking the downside volume with a reading of 98.3%
Today we had a reading of 99.98%.
Another chart I’m watching as a bottom indicator. When/if TLT gets back to previous highs (especially with some sort of gap up/massive volume) that could signal a short term bottom of the market.
Related Posts:
I Have No Edge for Buying Capitulation
The Rhyming of the Markets
Trading Education and Tweet Wisdom
