The Traderszone Network

Published in TZ Latest News 29 August, 2015 by The TZ Newswire Staff

Taking the Technical Temperature

In the last two weeks the stock market put on quite a show. Many months of sideways boredom was finally ended with a dramatic breakdown and a scary drop of -14.4% (intraday for SPY) from the all-time high in July. From that low, SPY then rebounded nearly +10%. On the chart below we can see that volume contracted on every day of the rebound, and on Friday the advance stalled.

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