Tuesday, July 19, 2011

75 to go

75 minutes to go before the market is closed for the day.

We are seeing a strong move in the market here.

Breadth is nice and strong, the VIX is losing ground

The last pullback came down to perfect support and held like a champ

The TICK just diverged on the last high but so far we are not pulling back

Pivots to watch are 1317.50, 1316.25 and 1311 on the downside

On the upside 1325 could be a magnet

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