Volume Analysis | Flash Market Update – 8.8.22
CHIEF TECHNICAL ANALYST, BUFF DORMEIER, CMTⓇ
The broad markets have continued to rapidly improve since the VPCI V capitulation bottom June 21st. Capital flows have lagged in the recovery, but the volume has been decent.
Capital Weighted volume is now itching close to becoming an uptrend. However, capital weighed dollar volume (capital flows) continues to lag. Overall, the market is nearing 4200 resistance.
The outcome at this battle line could be an indication of the current health and future direction of the broad markets.
Wishing you my very best my friends.
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