Hehehe! Not saying it will go up! But NFA I’m bullish! And here’s why PA is not alarming to me!
$Boqii (BQ.US)$ It still amazes me how many judge low volume PM PA as a indicator of overall movement! Yes sometimes it dictates what the overall picture is! But you gotta remember! 90% of traders are not / cant trade until Market open! That makes PM hard to trade because you are not seeing true market interest or true liquidity! Not to mention that most trading is done via ECN and on lower volume like this! Many that were late to buy. Well they are loading the BID up with lowball buys! That just gives shorts someone to buy their short position! And drives price down. Killing momentum!
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Pompano1000 : So it's only going to continue to go down from here? =/
Trytosaveabit OP Pompano1000 : Cant say for sure! Like i said reason its hard to say is 90% of traders cant / are not trading until 9:30AM est
Pompano1000 Trytosaveabit OP : Thank you for the info I love reading your posts btw!