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    The stock market saw increased selling pressure yesterday but prices held within the previous day's range on low volume. While the heavy selling volume could seem bearish, the lack of follow through and low overall daily volume suggests upward progress may continue as prices held above supports from the prior high.

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    27 Ag analysis

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    The stock market saw increased selling pressure yesterday but prices held within the previous day's range on low volume. While the heavy selling volume could seem bearish, the lack of follow through and low overall daily volume suggests upward progress may continue as prices held above supports from the prior high.

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    11 views1 page

    David Aug+27-2014

    Uploaded by

    Anonymous L77eD5uo
    The stock market saw increased selling pressure yesterday but prices held within the previous day's range on low volume. While the heavy selling volume could seem bearish, the lack of follow through and low overall daily volume suggests upward progress may continue as prices held above supports from the prior high.

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    THE STOCK MARKET UPDATE

    August 27, 2014

    David H. Weis

    On the 35k tickbar chart, the downwave from yesterdays high in the S&P lasted 23 hours
    and drew out the heaviest wave volume since August 5. One might think this is a bearish
    change in behavior, but, since prices held within yesterdays range without any ease of
    movement, it is more likely an example of increased effort with little reward. The daily
    volume was the smallest of the year. Given the low volume and the way prices held on top
    of the axis line drawn across the August 21 high, further upward progress is expected.

    www.WeisOnWyckoff.com

    dhw@weisonwyckoff.com

    Tel 617.489.9155

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