How there has not been a bear raid of these markets with so little volume is surreal-only explanation is egg man corner.
The reason the volume is low is because there is only one buyer with no bagholders to take the shares of their hands-they are stuck in a corner with no exit and apparently now running out of funds.
A/D Line for $SPX is below where it stood in late February-even as its nominal value is near those February highs-so breadth has weakened.
Fairly simple explanation-market has been cornered with no real buyers-no exit.
80% of the myopic volume left in these fraud markets is spoofing-so that makes these markets illegal.
Dumping their primary collateral (Gold) every morning to keep their three card Monty game going.
Sentiment: Strong Sell
It is obvious they are dumping Gold every morning to find liquidity to keep these equity markets elevated. The actions speaks for itself. That isn't a good sign for longtards-similar to the Germans down to horse drawn carts at the end of WWII.
The malaise caused by their constant intervention of expanding debt is a proven fact now.
Since 1998, the put/call ratio on open interest in OEX options has been considered extremely elevated when it has risen above 2.00. From 1998 to 2011, there were just 6 days when the ratio got as high as 2.00. Each of those days either came in the vicinity of a significant market top or at least presented extremely limited upside in the intermediate-term. In the second half of 2014 alone, there were 8 readings. And 2015 has ratcheted up the frequency of such readings to a whole other level. There have now been no less than 34 readings above 2.00, all coming in the past 2 months.
And it hasn’t just been the frequency of the readings, but the magnitude as well. Before a week ago, the highest level of the OEX open interest put/call ratio since 1998 was 2.31 in November 1999. The past 2 days have seen readings of 2.77 and 2.79!
That's a good one, but probably that isn't the case, since most shorts have two 60% collapses in their pockets since 2000.