Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Ummm… for those playing along at home, yes the S&P 500 bounced off that 10 day moving average. After spending 30 minutes below it, Pavlov and his dogs could not resist. Once more they are rewarded. Usually the market does not reward the same behavior repeatedly like this, but as with the lack of volume, I guess a lot of the old rules are not applying.
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