The short-term technical outlook and increasing volume suggests the correction is over but are there any new opportunities for investors or traders?

FORBES: Can't Keep a Strong Sector Down

The selling has been heavy over the past few weeks, and I would expect the volume to decrease before the correction is over.

FORBES: Don't Give Up on Apple or Tech

Even though the volume was relatively low during the correction, the OBV stayed below its weighted moving average until June.

FORBES: Could This Be The Year to Buy in May?

Among my reasons, I noted that volume in the rally was very light compared to the volume on the down-days during the correction, which indicated insiders and large institutional investors who were selling during the correction, were not believers in the sustainability of the rally and were not participating, more likely waiting to begin selling again when the rally ends.

FORBES: Jobs Report Rains On Soft Spot Hopes

Rallying for six days in a row, towards the upper limit of its trade range with low volume, Wall Street is ripe for a short-term correction.

FORBES: Beginning of the Week Market Review: Investors Should Keep an Eye on the "Big Picture"

The weekly on-balance volume (OBV) tested support, line d, on the correction and closed back above its WMA last week.

FORBES: Best Sector Bets for the New Year

The daily on-balance volume (OBV) does show a negative divergence, line b, which is consistent with a correction.

FORBES: Best Q2 Sectors to Buy

The daily on-balance volume (OBV) has stayed in a tight range, lines i and j, during the correction.

FORBES: Buy, Sell or Hold?