Oct. 2 at 9:23 PM
$SPIR People, check a fixed range volume profile on in the sideways range we've traded from around Dec '23 up until now...
There is much less volume traded above 12.70, the zone we've just broken - meaning far less resistance for the price to move up, but, that is dependent on volume stepping in to actually buy......
Without the incoming volume and buying, I fear we just slip down again, slow bleed and chop until about 8.85 then capitulation.
Hope I'm wrong.....
On the positive side, Russell is finally outperforming, so if any time will be doffertthan the last few goes it will be this one!