This chart shows the Volume at Price (left side bars) for ES (SPX futures). As you can see, volume has been decreasing on price above 1550. Should we fail here (and it is looking likely now), look for the area with large volume to act as a magnet and support. In this instance, it would be between 1520 and 1530, important fibs as well (50 and 61.8% June low/July high).
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on Tuesday, July 17, 2007 at 7/17/2007 07:24:00 PM.
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