Tuesday, June 1, 2010

US Stocks find resistance

The test of the 5/20 gap came on decreasing volume. This suggests that the upside force was insufficient to break the zone. If resistance is to be cleared, it will do so violently on a sign of strength (visualization)* or through attrition over time (visualization)**.

S&P 500 with Exchange Volume:


* Kool Aid man busting through barriers to quench your thirst
** Pac Man or (Ms. Pac Man) eating away and wearing down resistance

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