03.12.10 - Consolidation under VWAP

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After an easy gap fill, internals are marginally negative, but there is no real sign of potential breakdown yet as price consolidates under the VWAP.  In fact, the VIX is continuing to decline.  Keep a close eye on that slight edge in down volume and cumulative tick for any change.  If it does break, it could be fast as overbought as we are.


 
 
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