All in the P/V

I could tell you that volume today was higher than average (NYSE 1110 mln, vs. 794 mln avg; Nasdaq 2060 mln, vs. 1703 mln avg) or decliners outpaced advancers (NYSE 1018/1993 Nasdaq 644/1923).

However, just looking at the charts tells you something has changed.

 This large Dow volume in white was reversal volume, not in an uptrend.

 IWM

 NASDAQ 100

 SP-500

The Price / Volume relationships really tell the story, all dominant and all the second most bearish reading, Price Down/Volume Up.

Dow-30

NASDAQ 100

Only 21% of the total advanced today!


R2K

 About the same for the Russell

Sp-500

And the S&P

By the way, over the last 3 days, the Dow crossed above and below $13k 52 times! I would be remiss to not tell you that the Dow lost $13k today.