01.07.11 – S2 Catch

Unable to make upside progress, markets fell relatively hard to second support, where we've caught a bid. However, unlike earlier in the week, it's difficult to see much upside beyond the VWAP, if even that.

Related posts:

1. 04.03.09 – Bullish Catch at Support
2. 12.20.07 – Can't Catch a Bid
3. 01.15.09 – Market Can't Catch a Bid
4. 12.13.10 – Hurtling Higher into Overbought
5. 08.11.08 – Equity In-Flows