If you compare the volume on the daily and intraday (60 min, 15
min, 5 minute), the volume is higher today than yesterday, which
means that this is likely a bounce with a retest of today's low
likely in the next couple of hours/days IMHO.
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Support held, but volume is greater
SPX 15 min
Posted by mstrpln on 30th of Nov 2010 at 10:40 am
If you compare the volume on the daily and intraday (60 min, 15 min, 5 minute), the volume is higher today than yesterday, which means that this is likely a bounce with a retest of today's low likely in the next couple of hours/days IMHO.