Uh ohhhhhh.
The NYSE TRIN is currently at a ferocious-BEAR level of 1.71 — this should be a major sell-off — but the ES volume hasn’t cracked 600k with just 90 minutes to go, and price is essentially unchanged from the open, and from yesterday’s close.
What gives??
Well, a *lot* of relative selling, and no change in price?? And little volume to back it up??
To me, that just *stinks* of profit-taking, of cash-building, of *fear* of not being able to participate in the next run-up.
To me,…