It is interesting that in the last few months the market has a tendency to treat the open for the month as resistance and support point.
The up move yesterday stalled at the 50% correction area of the last down wave. Will have to wait and see how the indicators ($TICK, $TRIN, $ADD and the 15 Stock Sector Analysis Indicator) look to determine if the market will continue an up move from here or start another down wave.
Charles
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