Stock Indices Decline On Weak Volume

The Stock Indices opened lower today but volume was not confirming the beginning of an impulsive move. On the other hand, market breadth was extremely weak, suggesting internal weakness. The lack of volume signaled the potential for a rotation up and that is what occurred after the FOMC minutes were released. Volume will be the key in identifying the next greater degree time and price move. Until then, the rally off the June 17 low is suspect.

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