Wednesday, February 18, 2009

02.18.09 - Digesting (Yet) Another Plan

The market has vacillated widely between its daily floor pivot and first level of support (SPY $79.85 and $78.50, respectively). While most major indices are marginally positive on the day, note that Declining Volume is trending higher while the Cumulative Tick is trending down. It would be a bullish bar if we could finish here or higher on the day, but it's too early to pronounce that victory at the mid-day.
[FOMC Minutes]

Nice post on Traderfeed.

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