So far so good for the bears. The bulls fought hard in the early going to ignore the negative consumer durables report, and despite closing the morning, gap, haven’t really been able to show much interest in fight back at this stage of the market. The downticks look strong, and the volume readings are much better than it is when bulls attempt to bounce off of the lows. It’ll be interesting to see how the rest of the day unfolds.

 

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