The ETF's are generally showing a weakening of the prevailing long term up trend with the broader market exhibiting low daily volumes, SPY, DIA & IWM, symptomatic of lackluster demand.

It is unclear whether we are seeing accumulation or distribution, however, given the primary/secondary trend indicators of especially the IWM, DIA(see below) I suspect we are seeing distribution.

Ready for a break to the downside at any time?




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