Up and Down Volume are matched in sideways action after the failure of the M&A induced pop to take hold. Although downtrend channel resistance is near SPY $109, for now, we see a higher low and higher high with an attempt to stabilize and run back to VWAP. (Looking suspect just as I post — pivot looks to be tested — will it hold?).

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  1. 03.04.10 – Price Higher : VIX Higher
  2. 08.19.10 – Monday Lows Hold
  3. 02.10.10 – Lows Retest & Hold
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