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Originally Posted by coolhand

It was another one of those up and down days today that saw a mixed close.




Volume was on the lighter side today. Price backed off the peak a bit more on the S&P. I get the impression that this index may be coiling for a upside break through resistance. The DWCPF bounced, but that does little to change the picture for this index, which remains below the 50 dma, but also above support in the 2020 area.

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It was a day of new all time highs for the Dow, and the S&P was close if not for a late tick lower, but for the rest of the market... not so good. Small caps were pounded again, and the Nasdaq saw some moderate losses. Bonds were down as yields rallied. There's a lot going on, but what's real, what's hype, and what's it all mean?

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