Friday, July 31, 2009

07.31.09 - Apparent Range Day

The S&P is trading in an ever-tightening coil even as cumulative tick continues a fairly consistent upward drift. That could signal a breakout higher in the second half of the day, but really volume is lightish, up and down volume are evenly matched, the daily fast MACD is going sideways after its big lift, so for now I assume we finish in the range.

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