Courtesy of Tyler Durden
Gee, channel break out… on negative trendline volume. Where have we seen this algo driven market before? Yawn. Wake us up when one SPY VWAP order can move the market 10%.
In the meantime all other signals are rolling over…but not them stocks. After all there is another complete lack of volume day to take advantage of. Why not just push the market a little higher on another 5k block courtesy of JPM and trigger all stops.
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