Summer volumes do tend to be low, but this July was especially anemic compared to the past 3 years of the Canadian TSX 60 Index (see blue lines in boxed areas at the chart bottom below):

Bulls will need to talk more capital into this market if it is going to break out in a meaningful way…otherwise so far, the bias is still to the downside.
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Cory’s Chart Corner
Load MoreMaybe it is different, but the decline in breadth is playing out as it did during the Tech-wreck why, because humans are involved. Same ol'e crazy!
h/t @MauiBoyMacro
Kalani o Māui @MauiBoyMacro“.. equity market breadth has narrowed in recent weeks to one of its lowest levels on record. The S&P 500 has rallied by 14% from its low in late March and now trades at a new record high. However, the median S&P 500 constituent remains 13% below its respective high.” 👇🏼
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