ES (SPX futures) might be making new year highs this month, but the strongest volume bars in July were on down days. 
This would confirm the inability of NYSE to produce high tick readings that would match the past three months. This could be due to the abolition of the uptick rule on July 5th, but the ES volume chart is ominous. It's still up for grabs until we fall out of the ascending wedge. Key support will be 1540.
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on Monday, July 23, 2007 at 7/23/2007 09:37:00 PM.
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