Qs Trade Through Support. Russell And SPY Hold At Support

While the last few days have seen the Indices either trade through support or hold at support, there is simply no selling pressure. Even on the days the market is down, volume continues to decrease. Until we see volume confirming the move in one direction or another, expect the continuation of a rotational pattern. The FOMC announcement is tomorrow and can certainly change the perception of value on the part of traders. Use caution, especially during the press conference.

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