In “What Now for the S&P” (http://tradingsuccess.com/blog/what-now-for-the-sp-326.html), I wrote:
“The most recent leg of the rally since the 1258 has shown 22% lower average volume than the first leg (Figure 4). For this reason, I expect that the market will retest the breakout 1396 to 1404 but hold above 1384. I rate the probability of closing […]

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