Third day in a row. Cumulative Tick, Down Volume and the AD line all suggest a lower close as price pauses beneath the VWAP. On the other hand, certainly no one is running for the exits like the days of yore. Just need to watch how those internals evolve over the course of the day. The slow pace of movement will keep traders guessing whether this is a tradable top, or yet more consolidation for the SPX 1,050+ print.

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