greenhugh you said; "It is worth noting that the break above the 6/6 high of 1685 came with a decrease in volume of near 36% and implies a false break to the upside." While this is ture, your deduction isnt, what happened was a sideways consolidation started and lasted up to July 7th or so. It was a trend change to moderate sell through that period, the absence of volume was the Marker that was really saying, ok..if you want out now here is better prices, exit at your own risk. Those that did are already behind.
The context of the rest of your post was OK though.
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