The market reacted to the resistance at the trend channel supply line and fell 15+ points this morning. Nevertheless, supply did not materialize. You can see on the Weis Wave that the down volume was about the same as it has been over the past several days. We were looking to see an increase in the selling. Since that didn’t occur, buyers retain the upper hand. We now expect a move back upt to the 1198 – 1200 level, at least.
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