U.S. Stock Market Breadth Keeps Improving But Trading Volume Falls

Sumary of U.S. Stock Market Breadth Keeps Improving But Trading Volume Falls:

• Federal Reserve Chairman Jerome Powell also confirmed yesterday that he won’t make a hasty decision about loose monetary policy..
• Firstly, they do not see any evidence of strong volume while the Dow Jones Industrial and the S&P 500 post record highs..
• It is likely that we may see some healthy correction as the Relative Strength Index has reached 70, a level which indicates that prices are too rich and prone to some sell-off…

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From Forbes - 08/04/2021