Volume was much lighter on the heels of Monday’s heavy selling.
We’re expecting volume to remain light for the rest of the week into the three-day weekend.
The uptrend has been dented.
Our bias was one of caution for buyers coming into this week.
We still think more of a correction is likely.
We’ll change our bias if heavy selling becomes more of a trend, which would suggest something more than a 10% correction is in the cards.