Stock Indices Continue Directionless

There is no recording tonight. There is not much change from the Friday Briefing. Key Reference Areas (KRA) are still 410 – 415 in SPY; 312 – 322 in QQQ; and 180 – 170 in IWM.

Today, volume was still extremely low. Breadth was positive, but volume is still the energy that needs to increase if there is going to be a breakout in either direction. On a breakout in either direction, it will need to be accompanied by increasing volume or it will simply be a failed attempt.

The Indices are neither overbought nor oversold. While they are attempting a breakout to the upside, there is simply not enough volume for now.

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