FirstStrike VeteranElusiveTraderOP:
look at the volume today. there's a story there. why is volume so low as the market is touching ATH? Everyone is nervous about FOMC but the market doesn't seem to care that the data has been hot and I expect a more hawkish tone from the Fed because the market doesn't care about sticky inflation.
FirstStrike VeteranElusiveTraderOP:
vix hasn't moved up at all, which is very unusual as well. the market is acting like FOMC isn't even happening this week.
SpyderCall :
good call on the bullishness. Bit your target is a little high for an EOF target. I think the volume wasn't as high as usual today and yesterday because investors were waiting on the Fed and sitting on their hands. But we did see big volume on Monday, which was the first trading day after a major witching day. These are all normal volume interactions for the market. Nothing unusual, in my opinion.
FirstStrike Veteran : change the 2 to a zero and you nailed it. lol. I think Fed is hawkish due to hot data.
ElusiveTraderOP FirstStrike Veteran: Take it back
FirstStrike Veteran ElusiveTraderOP: look at the volume today. there's a story there. why is volume so low as the market is touching ATH? Everyone is nervous about FOMC but the market doesn't seem to care that the data has been hot and I expect a more hawkish tone from the Fed because the market doesn't care about sticky inflation.
FirstStrike Veteran ElusiveTraderOP: vix hasn't moved up at all, which is very unusual as well. the market is acting like FOMC isn't even happening this week.
SpyderCall : good call on the bullishness. Bit your target is a little high for an EOF target. I think the volume wasn't as high as usual today and yesterday because investors were waiting on the Fed and sitting on their hands. But we did see big volume on Monday, which was the first trading day after a major witching day. These are all normal volume interactions for the market. Nothing unusual, in my opinion.