Tuesday, June 16, 2009

06.16.09 - Assessing Support at 20-DMA

The S&P500 is in the process of assessing the strength of buyer support near yesterday's low coincident with the simple 20-day moving average. After early side-ways chop, the AD and Cumulative Tick lines came under stiff pressure. On the positive side, VIX readings do not indicate any strong sense of panic at the mid-day.

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