Very Low SPY Volume at New Intermediate High

From Quantifiable Edges via ETF Prophet:

SPY volume came in at the lowest level in over a month on Monday. Very low SPY volume when the market is at or near highs is often a bearish sign. A few studies related to this appeared in the Quantifinder this evening. I decided to examine the combination of a 20-day low in volume combined with a 50-day high in price.

Read the rest here.