Is this a sign of market distribution ?

 Distribution?  Gapped up on anemic volume

Massive round trip    DOWN THEN BACK TO NEW HIGHS?    In a mere few days the “SPY” dropped from the highs of  381.90 (on 1/28/2021)  we dropped to 368.30 (01-29-2021) a drop of approximately 13.60-points now today we sit at 387.71 up 19.41  higher just a few days later a WILD rollercoaster ride of over 33.01  SPY  points in a mere 7-days    (Average 60-day volume = 70,25-million)

Volume on  down day,           01-27-2021      123.35 million shares

Volume on  down day,           01-29-2021      126.65 million shares

Volume on  up day,                02-01-2021      75.81 million shares

Volume on  up day,                02-02-2021      63.86 million shares

Volume on  up day,                02-03-2021      45.26 million shares

Volume on  up day,                02-04-2021      42.51 million shares

Volume on  up day,                02-05-2021      48.60 million shares

 

Massive round trip    DOWN THEN BACK TO NEW HIGHS?  In a mere few days the “QQQ” dropped from the highs of  326.40 (on 1/27/2021)  we dropped to 312.75  (01-29-2021) a drop of approximately 13.65-points now today we sit at 330.24 up 18.61 higher just a few days later  a wild rollercoaster ride of over 32.26  QQQ  points in a mere 7-days      (Average 60-day volume = 32,25-million)

Volume on  down day,           01-27-2021      55.26 million shares

Volume on  down day,           01-29-2021      55.16 million shares

Volume on  up day,                02-01-2021      35.60 million shares

Volume on  up day,                02-02-2021      33.75 million shares

Volume on  FLAT-DAY         02-03-2021      23.19 million shares

Volume on  up day,                02-04-2021      20.67 million shares

Volume on  up day,                02-05-2021      22.70 million shares

 

Massive round trip    DOWN THEN BACK TO NEW HIGHS?    In a mere few days the “IWM” dropped from the highs of  213.00 (on 1/27/2021)  we dropped to 204.84  (01-29-2021) a drop of approximately 8.16-points now today we sit at 221.65 up 16.81 points or 2x-higher just a few days later  a wild rollercoaster ride of over 24.97  IWM  points in a mere 7-days     (Average 60-day volume = 27.30-million)

Volume on  down day,           01-27-2021      45.83 million shares

Volume on  down day,           01-29-2021      40.54 million shares

Volume on  up day,                02-01-2021      26.37 million shares

Volume on  up day,                02-02-2021      22.77 million shares

Volume on  up day,                02-03-2021      23.93 million shares

Volume on  up day,                02-04-2021      23.28 million shares

Volume on  up day,                02-05-2021      23.30 million shares

In a mere few days the “VIX” popped up to the highs of  37.50 (on 1/29/2021)  we dropped to 21.00 (02-05-2021) today a massive drop in liquidity screwing sellers of options (a drop of 16.50 points in 6-days) 

In a mere few days the “VXN” popped up to the highs of  40.50 (on 1/29/2021)  we dropped to 25.40 (02-02-2021) today a massive drop in liquidity screwing sellers of options (a drop of 15.10 points in 6-days)