Scotia level IIThere seem to be a lot more bids on the low side at close of day, Friday, than asks.
The numbers of units being bid on also exceed the numbers of shares being offered for sale, at much higher prices.
This is usually an indication of daytraders plying the trades during the day and being sold out by end of day. IMHO.
Markets are going to continue to be volatile, with everything going on right now all over the world.
The VIX may be a more important indicator than NAV right now.
I'm not going to make predictions one way or the other at this point, but will be watching these two indicators very closely. Both can change in a heart beat, but more often than not, there are indications beforehand.
Be careful.
GLTA the good folks here.