Brief summary of the S&P 500 chart below:
1. The DJU is in strong correction while the S&P 500 is still at the top
2. S&P 500 volume is steady, so far no panic selling and no greedy buying, just quiet slide without increase in volume activity.
3. Money Flow is negative on the S&P 500 index
4. Number of the S&P 500 index stocks making new 52-week highs is dropping while the number of stocks making 52-week lows is on the rise.
5. Volatility is still at low level - current small slide did not brought an increase in volatility.
6. Number of declining S&P 500 stocks is bigger than the number of advancing stocks - declines beat advances.
7. Summary volume in the group of the declining S&P 500 stocks s bigger than summary volume of advancing stocks
chart courtesy of
www.marketvolume.com