This chart is showing that it is the 1st year ever that the famous index price movement range in engulfing the previous 3 years range.
This illustrates well the incredible volatility that we have seen so far this year.
Also notice the important range expansion shown (recent years have seen increasingly large range), often a preceding condition of important market tops (even though this might only come in a few years I believe).
This illustrates well the incredible volatility that we have seen so far this year.
Also notice the important range expansion shown (recent years have seen increasingly large range), often a preceding condition of important market tops (even though this might only come in a few years I believe).