There was a reversal of sorts in the count of both new high volume highs and volume coming off the highs. Not only did the initial count of high volume highs fall off a cliff in the latest run, but so did the final tally (shown below). This is in contrast to the number of stocks and funds selling off from highs. Does this portend a reversal in the market? We shall see. As a side note, the standardized VIX data showed a significant jump towards the negative end of the risk spectrum (i.e. towards more positive measures) in today's trading.
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