Once again the market’s running out of selling pressure, as evidenced by the low volume. The indices are all sitting close to support. The Dow and S&P 500 are both near the bottom of their June-July ranges. The NASDAQ is sitting closed near a confluence of some should-be support levels — its middle Bollinger Band, the June highs, and its March-June trendline. It actually broke that trendline today, but just barely. So it looks like this is as good a place as any for a bounce attempt.
