Pretty uneventful trading day today, but also pretty much par for the course before a mania
Low volume with sideways to slightly up or slightly down action is what is typically seen during the week preceding a manic catalyst, i.e. Late December 2013 and Late August 2016
There are always exceptions within the sector to this typical pattern as well
Much higher volume with significant % gains in multiple bellwethers on the same day would signify the start of premania/mania — I’ve seen this in individual bellwethers on different trading days, but I’m looking for multiple bellwethers on the same trading day
I haven’t seen any national media attention today concerning the passing of The Farm Bill through Conference — the text of the bill itself is still under wraps, so this isn’t surprising
Tomorrow, Congress will release the full text of The Farm Bill to reporters, so we will probably see an uptick in media attention on Tuesday
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