Tuesday, June 28, 2011

Carbon Copy

The moves between 1260s and 1290s on the S&P 500 have been remarkably consistent the past few weeks.  The move the past session and a half is almost a perfect mimic of the 2 day rally we saw about 7 sessions ago.  That one ended in the upper 1290s, and so far we are at the lower 1290s.  All eyes remain on the 1300ish level.

We've had 2 days of light volume and calls of the typical quarter end 'tape painting' but it is what it is.

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