Good reasons for light volumes:

1. We have a major CIT in mid Dec.

2. We have lower GAPS which have not filled.

3. We have a pattern of big sell off after light volume rallies.

4. We have bad fundamentals and technicals which stated above.

5. We have generally positive December, but, so it was in Oct and Nov, as well as favorable election year turned out to be the worst election year which I noted that it would be. The degree which markets sold off and the economic condition was and is much worse than I thought.

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Markets closed at "ST downtrend resistances" after rallying in light trading volumes. Best case scenario is to fill lower gap then turn up in mid Dec as we have a mid Dec CIT.

If this market continues go up in light volume breaking above the resistances, it is likely a big sell-off after light volume trading up.