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Notice the strength of this downward swing today. First, prices spent the vast majority of the day underneath the SMAs. Also note the SMAs were all moving lower for most of the day. Also notice several bear market formations -- the pennants and triangles. Also note that prices continually ran into upside resistance from the SMAs. Finally, note that prices end at a low point on increasing volume. Bottom line: this is a damn ugly chart.
On the daily chart, notice that prices are still moving lower. Also note that today's bar was really big. About the only good thing is today's volume was wearer than Friday's price action.
