Market Internals Show Some Strength. Volume Collapses

Most concerning to the current rally is the continuing decline in volume, not just in the ETFs but also in the Indices themselves. With that said, breadth is strengthening as are 52 week highs minus 52 week lows. Some of the other internals are beginning to show strength as well. However, they are not at the levels they should be for this market to be making new all-time highs. We have to respect the trend of price, but certainly with continued caution until volume begins to show some strength.

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