Volume suggests the S&P 500 rebound is corrective. Although the ‘market’ is oversold, it can stay oversold for a long time, according to analysts at Credit Suisse. Key quotes “Outright volume rose sharply as the market collapsed, but then significantly started to decline as the market rebounded. This behavior is consistent with the recent strength being a corrective move only in an ongoing downtrend.” “Key now will be whether volume starts to rise again if the market indeed resumes its fall. If it doesn’t, that may be a silver lining, suggesting we may hold the lows.” “If this is a more significant bear trend/market, the number of stocks can stay at low levels for a long time.” “Individual Investor Bull/Bear ratio remains well below zero. Importantly though, sentiment has in time been significantly worse.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: Further upside remains on the cards – UOB FX Street 2 years Volume suggests the S&P 500 rebound is corrective. Although the ‘market’ is oversold, it can stay oversold for a long time, according to analysts at Credit Suisse. Key quotes “Outright volume rose sharply as the market collapsed, but then significantly started to decline as the market rebounded. This behavior is consistent with the recent strength being a corrective move only in an ongoing downtrend.” “Key now will be whether volume starts to rise again if the market indeed resumes its fall. If it doesn’t, that may be a silver lining, suggesting we may hold the lows.” “If this is a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
