Stock Indices Strengthen Internally But Volume Collapses

Over the last three weeks of trading volume in the Stock Indices has decreased dramatically. On the other hand, breadth is strengthening. New 52-week highs minus 52-week lows is improving. The percentage of stocks above their 50 and 200-day moving average is improving. Finally, the Indices are now at important longer-term resistance. The lack of volume gives me great concern, but I must respect price development and the other internals that are improving.

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