The Old Disappearing Volume Trick

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Daily Trade Ideas on the right to see the rest of this letter.**

“Speak less than you know; have more than you show.”  William Shakespeare

Not much to deal with today with very low volume and not a lot of movement so it will be a short letter.

When the markets tell me to relax, I relax, and when they tell me to work hard, I work hard.

No need to force trades, especially during the holidays.

SPY December 22, 2015SPY is holding above 200 and volume has totally dropped off now as traders take a couple weeks off for the holidays.

A move under 200 can be shorted but very tight stops at cost are needed since the move may not be sustainable with volume so light.

Have a great, quiet night.

Warren

Leave a Reply

Your email address will not be published.