Conclusion-Price is now at resistance and got there with a bit of an exhaustion. There are many stocks that spiked up on big volume Wednesday and have subsequently come down two days on light volume. The will attempt a rally-probably starting Tuesday. If they cannot show a new high on increased volume this week-then the index will make a run back towards the 1187 support. I have little evidence to suggest this is a new leg up in a bull market.
Trend is still down.
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