Once the market broke out above the VWAP on TICK breakout highs, it was off to the races as some shorts covered. But, the mixed nature of many stocks in the basket were a big clue that not all was well and some afternoon selling brought the ES back to the VWAP. The bulls can hang onto the fact that the VWAP held and the bears can point to that today's rally didn't even come close to testing yesterday's range highs.
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