Disclaimer, I’m long the October $350 call in SPOT. The reason I’m long that call is because I noticed this impeccable volume contraction after a huge move, which, when it works, results in freaky fast profits. Look at the orderly volume decline as it consolidated its gains. Today we broke the trendline on the best volume in 5 days. Tomorrow, if the market doesn’t get killed, we probably get the real volume and the start of the next move.
Remember, the Fed just “shocked the world” by telling us that Coronavirus=bad. Gasp. If that’s the case, I’m thinking we have time for podcasts.