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Assessment: A much needed bounce to the markets. Even the bears wanted to see some moving up in price this week to clear the oversold pressures. The question is just whether the bulls rush into this market or it is just a matter of time before the pop is over and the bears run with the ball again. One way to assess the strength of buying is volume, and yesterday the volume was average. Would want to see above average volume for conviction on a direction.
Good luck in your trades!