Key Areas of interest in a very challenging Tape

The relentless volatility in US Equities continues to make buying dips difficult in this ongoing downtrend.  Several attempts at pushing above SPX 4250 have failed in recent days, and Friday’s about-face resulted in prices taking out Thursday’s lows to close down near the lows of the day and week.  SPX has now been lower seven of the last 10 weeks, while momentum is negatively sloped and not oversold on weekly charts.  The key l...

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