Appearance Of A Pullback

spx_weekly

Modest rally Tuesday.

No volume, nothing really to pull from it other than market visibly appears to be in pullback mode.

In that case, we’re watching the 50-day moving average as a logical zone for support.

But more importantly, we want to see if volume dries up as a sign heavy sellers aren’t interested.

Leave a Reply

Your email address will not be published.