Indices bounce off support on light volume
Monday's confluence of support tests was going to bring a reaction and a reaction it did. Today marked the second day of buying, but volume for today was down on yesterday and indices will soon find themselves testing the resolve of buyers of the July high - will supply / sellers return? For the Nasdaq, today's buying was sufficient to regain its 20-day MA with new 'buy' triggers for On-Balance-Volume and ADX.