8/12 Recap. Market Soars On Lowest Volume Of The Year.

This move is incredible, no really, incredible. Let’s start with the weekly look at the SPY, it had its most incredible move of the year on the lowest volume week of the year. Really doesn’t fit the narrative of the bull market being “back”.

Then you come down to the daily chart and the SPY broke up and out of a bearish wedge, while amazing on its own, i…