We needed a wide range high volume day and did not get it. We also did not close in the preceding trading range. As such we have done nothing bearish except for an anemic rally into new high ground for the year. Another rally is due and whether it makes a new high I am not sure. In contrast to the above,I should note that virtually every commodity I looked at had just the bearish kind of day I was expecting in stocks.Please look over the enclosed charts and you will notice how the volume and range dried up on the the decline and how the volume and rally kicked in at old support.
