Tuesday, June 22, 2010

06.22.10 - Stalled at the 200-Day Moving Average

The S&P500 is trading in a moderately narrow range above its VWAP and 200-day moving average, but just under its flattened five-day moving average. Although down volume still predominates, most other internals are showing a bullish leaning. Don't forget tomorrow is an FOMC day.

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