No Volume

Today has been very light on volume.  Using volume to determine future market direction is often questionable.  But its telling me that there is not much supply out there at these levels.  It is more likely that sellers will emerge on a break down of 1080.  Traders are waiting for the other side to flinch first.  In the meantime, not much action.  A bit surprising considering today is rollover day on the equity futures.