The recent market rally has been focused on tech and growth stocks, sectors associated with the emergence from recession. It is happening in the current fundamental landscape of high inflation, energy costs and geopolitical tensions. In this recent webinar we 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 (NYSE:U), a typical ‘fallen angel’ stock that appears to be attracting investor interest, and explain the psychology and emotion driving the price higher.
We also consider the ES – the E-mini future for the S&P 500 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 (NASDAQ:QMCO) volatility really comes into its own.
In addition, we also illustrate 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.