3kovin

SPY bounce incoming

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
I found that last years every 3 month big volumes came in and bounce the market as well. Last 2 weeks i found that this volumes doubled.
Actually we lift up from local levels and, bullish now.
Market very oversold.
Question? why this volumes happens?
Thinks that big money works by quarters and they open/close positions, load/reload not that often.
This time a lot of shorts on the market covered last two Fridays.

NOT financial advice, use SL and manage your risk!
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