Tuesday, August 30, 2011

SP 500 and NDX Futures Daily Charts - Stiff Resistance at 1220 SP



The market was walked up by the futures and the HFT bots on light volumes for a rally that largely fell apart into the close. A stiff breeze will knock this market over, but it might very well take a rather stiff one, because there is little selling, and it seems light human participation in the markets at the moment. The only volume that appears is on the downdrafts. That is a recipe for

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