The recent market rally has been focused on tech and growth stocks, sectors associated with the emergence from recession, and very much against the current fundamental landscape of high inflation, energy costs, and geopolitical tensions. In this recording of a recent webinar David & I consider whether we are simply witnessing a bear market rally or a classic short squeeze. I also cover the chart structure and volume for Unity Software, a typical ‘fallen Angel’ stock that appears to be attracting investor interest, and explain the psychology and emotion driving the price higher.
David considers the ES – the E-mini future for the S&P500 in multiple timeframes and the volume patterns we can explain during Globex and the Wall Street open when we can expect a volume surge and volatility. This is when our Quantum volatility really comes into its own. In addition, he also illustrates the benefits of using multiple Renko charts with time charts on the Ninjatrader platform. He also explains the unique features of the Tradingview time-adjusted Renko indicator.
By Anna Coulling
thank you for the analysis
You are more than welcome.