Emini S&P
The 1382 Support area held as we rallied on higher volume today. Now upward momentum must break the low volume area of 1404. Volume was developing higher throughout the day. If the IB period shows signs of weakness (Low Volume) as the market goes lower, buyers will come in and take the market higher. If volume gets weak at 1404 were not going to push higher. Unless good fundamental news comes we'll head down to 1395 area.
Bonds
Volume was developing higher on the day breaking in the afternoon, we are siting at a significant support area and we'll need to see selling or the bonds will return to the mid 117's
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
13 May:
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Tuesday
ICSC-UBS Store Sales 7:45ET
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