Tuesday, August 21, 2012

Short-term Market Musings

Selling pressure finally reappeared after a test of record ALL-TIME highs for SPY.

Visit StockCharts.com to see more great charts.

And the selling, for a change, came with a low TRIN reading...no sign of panic-like selling, so high potential for more distribution.  Keep an eye on the 200period simple-moving average.

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