Moving Up with Less

One of the primary rules of charting is that the trend should be confirmed by volume. Looking at broad US market (SPY) one can see that volume is declining in this rising market, the trend is not confirmed by the volume. A rising trend with rising volume is a stronger indicator of a rising market. Low volume may indicate lower confidence in this bull run, be wary of breaks below the trend line, especially if that break down is on higher volume....