Price And Volume Wave-Trends Are In Conflict

Definitions: The Wave-Trend is simply the difference between a five-period and a thirty-five-period simple moving average. 

The proxy for stocks in this analysis is SPY.

Despite the positive direction in prices, volume in stocks is suggesting a top, not a continued advance. 

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These illustrations are not a solicitation to buy or sell any ETF. I am not an investment advisor/broker

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