Thursday, June 4, 2009

06.04.09 - Rangebound on Low Volume

However, Cumulative Tick is steadily moving higher, as is Up Volume so we appear to be setting up for a breakout. Nevertheless, so far the declining Five-day Moving Average has kept a lid on any attempt to close yesterday's gap. Volume is lower than May 1st, so careful of fast breaks either way and don't forget tomorrow is the official jobs report.

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