High volume trading with little price action after a strong rally is often Bearish. We’d need to see a few more days of it over the course of a week before we start calling it as correction potential.
Though at this juncture we’re thinking a pullback is in order.
As long as we hold above recent breakout levels we’re staying with a Buyer Beware bias. This is a notch up from our Seller’s Bias we’ve held over the past few weeks.