Sellers Test 50

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Four official, albeit light, days of distribution in the past five session tells us we’re seeing some funds unload as the major indexes test their 50-day moving averages. 

The 50 is key. Either we’ll see sell volume dry up in here or it picks up in this zone. As is, all major sectors are trending above their major moving averages. Any deterioration of this number will suggest more may come. 

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