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Archive for August 22nd, 2011

Posted by Martin August 22, 2011

Market bouncing on its support, will it survive?

A few days SPY was bouncing on the $112.5-ish level. When looking at $VIX which is at the very elevated levels and considering today’s price action at the very end of the trading day (see the volume and price on any daily chart) I would assume the market was showing some exhaustion on selling. Therefore Continue reading →