the NYSE ratio of Up Volume to Total Volume is trending back up again in a steady manner...see the lower chart element which smooths this ratio value with the slow 233-day ema, and note the current level rests near a prior high (does a retracement % idea of the prior decline for this chart element make good sense as a consideration for Confirmation that this chart element is achieving more than a relief bounce/)
several charts posted below on this topic:
total volume on the NYSE was relatively light today, but does that really matter if volume comes in later ... just as the higher volume participated in recent weeks? -
* note today's NYSE total volume is below the value of both the daily moving averages shown in color on this chart
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