No follow through

Yesterday added to the overbought daily CCT with 14 instances of plus tick which brings our short term daily CCT total to +104, which is becoming more overbought at lower prices. Yesterday should have brought a higher high and higher low day following the trend up day on Monday but this did not materialize as volume and volatility were extremely low for the second day of a new month. Be careful following an inside day as the market can pick up volatility especially with the news items we have for the next few days of trading. Technically a close below the 1112 area would reverse the uptrend but a close above 1130 this week would have to be experienced to pull additional money from the sidelines.