The SP's are having a well deserved rest. If we get a big spike in volatility levels traders might be anticipating this rally to be over. The current reading is 25.75, and a $VIX above 35 would also indicate this. It is also OPEX week and we might be getting some manipulating in price. I think it is a combination of "to far to fast" and OPEX week. Also uptrend lines on all the majors have been broken.
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