Stocks trimmed some of their gains in early afternoon trading on Monday as Moody's downgraded Greece.
The equity markets already "know" about Greece. Stocks are struggling (off their highs) because the energy required to clear the 5/20 and 6/4 gaps is high. These gaps have created a resistance zone that sits over price like anvil.
S&P 500 ETF with exchange volume:
Source: finance.yahoo.com
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