Today was a pretty choppy, low volume day. There wasn't any major news out or anything in particular to move the market. There was some capitulation once the 1325 support level was breached. We then entered a downward channel. You can see throughout the day how the S&P was "taking the stairs up and the elevator down". I'm looking for volume and volatility to pick up as we put the 50 day MA in the rear view mirror.
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