With up and down volume about evenly matched and tick oscillating around the zero line, it would appear to be a range day bounded by the new home sales pop and S1. The Vix took a bit of a leap today, but is having little effect on price and cumulative tick is actually building to the positive. Just now the S&P500 is right below its flattened VWAP/pivot, but refuses to break down.
Monday, July 27, 2009
07.27.09 - Looks Like a Range Day
With up and down volume about evenly matched and tick oscillating around the zero line, it would appear to be a range day bounded by the new home sales pop and S1. The Vix took a bit of a leap today, but is having little effect on price and cumulative tick is actually building to the positive. Just now the S&P500 is right below its flattened VWAP/pivot, but refuses to break down.
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