Seller dominance left its Distribution mark on the volume count Monday.
We’re not going to look too much into it as it was lighter than the accumulation days made over the past few weeks.
But more distribution would be a clear warning to Bulls.
For those not familiar, Accumulation is an up day with volume greater than the previous day. Distribution is a down day with volume greater than the previous day.
Accumulation and Distribution mark where institutions are lining up, and are used to gauge the market’s friendliness for buyers and sellers.