Monday, December 29, 2008

12.29.08 - Back to Bottom of Range

Cumulative Tick and Declining Volume are very negative as the implications of global tensions finally sink in. For now I will be looking for SPY support between $85.30 and $86.00 with a view towards the lower end of the range if the VIX trend can't stabilize here soon (now nearing 46). Volume remains low.

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