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Following up on my pre-market post, SPY volume slips a bit further on a fractional (0.34%) gain. I've highlighted the classic contrast between an orderly rally and disorderly decline in market psychology.
When we look at the real index (not the fast-money ETF), it's interesting to see that both bellwether moving averages have become resistance. Of course, support and resistance can be quite temporary — and sometimes not so temporary.
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