Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
The S&P 500 is back at this 1472 level it has been testing day after day over the past week. While the general indexes are doing ok today breadth thus far has been relatively weak. While it has improved in the last 30 minutes or so, the advance decline was as poor as -1000 just half an hour ago even while the indexes were only down ~0.1% (worse on small caps). It seems the ball is in the bulls court to get this level busted to the upside so let’s see what they can do with it.
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