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Over the last week, we’ve seen declining relative volume on a low-energy bounce. This fits the Wyckoff playbook for a low-volume or bear market rally which is the type of action often seen in distributive stages, where smart money is unloading into strength rather than initiating new risk.While precious metals have been strong, that performance is isolated to a narrow segment of the materials space. The broader XLB chart is far weaker. Technically, XLB is trapped in a bear flag right on the edge of its rising 200-EMA (~$87). • If $87 breaks → opens the door to a deeper Stage 4 markdown phase, with the visible range profile showing thin volume support below. • If it holds → the flag can morph into a base, but the burden of proof is on buyers. Given the current structure, a clean breakdown of $87 on high volume would be one of the better short setups in the sector and particularly if breadth in materials continues to deteriorate. submitted by /u/Dense_Box2802 to r/SwingTradingReports |