Volume is a leading indicator of price. The $SEI 5-minute volume ratio is 29.4, with $2.28 million in trading volume and a price change of +0.42%.
Volume is up, but the price has barely moved, suggesting bulls and bears are building momentum. Watch for the next directional move.
Be cautious of a pullback after a low-volume surge. A high-volume breakout that holds is what counts.