What to look for in Volatility when deciding to long equities

Lower highs on days the S&P 500 drops. This is exactly what we want to see if we are seeking to go long in the market. This in addition to volume decreasing is a classic display of a melt up. This is because investors are showcasing they are happy, hence complacent. Investor selling occurs when concerned about wealth preservation, or at the tail end/start of the year.

As always good luck trading friends!