A very interesting strategy that you trade. Are there any internals available for individual sectors? I presume you are looking at the sector ETF volume but certainly new highs and new lows would be beneficial if it were available for the respective sectors.
I note that the RUT rallied yesterday which may mean we are back to the risk trade. Another indication of the impending market top.
I day trade and also I swing trade by picking the strongest ETF or stock on a monthly time frame and then swing trade it with the benefit of an hourly time frame chart. Basically looking to enter on pull backs for momentum plays.