QQQQ (NASDAQ)
What do we see here on the effective Volume Charts (1 Minute Bars of the last 2 months):
Thick Blue line: all QQQQ traders of the last 5 days are roughly break-even (VWAP =volume weighted avg. price is at the market price (grey) (Loss positions for the avg GLD trader)
Thick Red line: All Swingtraders are in the money (QQQQ & GLD)
Thin Blue line: Institutionals have used the last Option Expiration (BONANZA!!) week to lighten up ....
Thin Orange line:...by pushing the market up with low Volume trades.....
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