The stock market trading volume, from the 100-day simple moving average, is still at a low level compared to its peak when the sti was around 3500. This shows that the rise in the stock market is not sustainable as the market is propped up by institutional funds only. The market has run ahead of its fundamental as not many companies reported more than 50% increase in their financial statements.
Retail investors won't be able to support the market like this as they have very short time horizon and also lack the money resources. Only institutional funds can support the market under low liquidity. The time will come for the institutions to cash out and hand over the baton to the next buyer. When that time comes, the market will correct.
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