Stock Indices Attempt To Move Higher On Collapsing Volume

Today, the Stock Indices attempted to move higher but failed. Volume continues to fall off on the rally and market breadth is declining. Unless this changes, the risk is to the downside and another leg could exert itself at any time. I am bearish at this time, unless or until the market internals begin supporting the rallies, which they currently are not.

Leave a Reply

Your email address will not be published. Required fields are marked *