Are you negative about the perspectives of the US stock market? Well, that’s easy to be pessimistic in the context of massive bearish sell-offs, which we had seen recently.
But what about now? If you ask me, what I do, I will tell you that I hold several stocks, thus, having skin in the game. And below, I will explain to you why I consider rebound of stock indices highly probable, which means that we may see that soon.
First, we see that we have the decreasing volume as the market goes down. Take a look at QQQ (Nasdaq ETF), and you will see that most recent bearish swings were accompanied with the decreased volume. Usually, that means insufficient participation of the long-timeframe sellers in the process. And, guess what? It is a sign of rather a range-bound market conditions than bearish ones.