Reminder: The S&P500 was 1934 last Thursday.
Today makes 3 straight trading days of chaos. One of the indicators I like to watch is the Average True Range (ATR). It’s simply a measure of how much a market is moving, from top to bottom, on an intraday level.
Anything over 1% is unusual. Right now it’s at almost exactly 2%. As you can see from a 6 month chart, it doesn’t mean we’ve bottomed but it’s a start. Bull markets trade in smaller ranges.
Video with more thoughts up shortly. Be cool out there…
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