Volume In The Stock Indices Continues to Collapse

As you will see in the Briefing, volume on the exchanges and in the Index ETFs continues to fall. For the most part, the Indices have been in an area of rotation, which typically is low volume. Volume is low on both the up and down moves. This results in the lack of enough strength to continue a breakout in vertical development. The Key Reference Areas discussed are important. Expect them to be probed but if not followed by the internals confirming the move, it will be a false breakout. The key right now is volume.

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