October has seen higher volumes but index values have trended more or less sideways. This includes the TSX Comp, SP500, DJIA and Nasdaq indexes. The Nasdaq sticks out a little because the volume has an obvious decreasing trend.
There are several possible scenarios for what is going on, but in my experience...all of them forecast lower lows for all indexes. As always, the timing of the lower lows is uncertain and temporary increases can happen before we see the lower lows.
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