Wednesday, August 31, 2011

Market Update

In my last market update about an hour ago, I thought the SPY was gong to consolidate or bounce higher intraday, it chose the second.

Here's the update of the accumulation in the 1 min chart from the last update. There's some distribution here, but it's also at a resistance level that could explain it as a consolidation, we'll have to wait and see what price and /or 3C does.

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