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Markets showing signs of fatigue?

Published 11 January, 2012, 04:45, UTC+1 | By the trader

Markets have been grinding higher on low volume since mid December. The Santa Rally is showing signs of fatigue. Market lacks the conviction of taking out new highs. If anything, we might get a false break.

Below are 30 day charts of SPX and DAX. Low volume, low volatlity is giving investors a false sense of security. Watch those levels accordingly.

SPX

DAX

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