Lower volume move down today. The percent price movement was impressive. But selling volume was limited.
The SPX had six days up with today as the first counter-trend day. Volume was down. Price remains about the 50% retrace level which is near 1246.
The Nasdaq Composite (COMPQ) has a similar chart.
And finally the SP600 Smallcap Index (SML) has a similar chart.
Charts courtesy of Stockcharts.com
Tags: Nasdaq Charts · Standard and Poor's 500 (SP500) · Swing Charts · VolumeNo Comments
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