The bigger picture of buyer dominance

spx_weekly11

Tuesday’s light-volume pullback adds to the bigger picture of buyer dominance that we’ve seen over the past month.

This is an important clue to how well the major indexes will handle the 50-day moving averages they’re currently grappling with.

But we can’t ignore the fact that we really haven’t seen a good Follow Through Day to show strong institutional interest for this market.

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