![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_n2XF1y1FZCyhKiVLOafu-lo4-Ty01-_cplwkshd6-KyP-JpNwUPfH3LTW86aoWFWVFejA0S4EfYpQuCY70a6joxKoTgwYBxru0FT8AdQlMnX2legcIjEqv0qFhE1EVX5YDr-hQ/s400/TICK061609.gif)
Interestingly, though we've moved back into May's trading range in the S&P e-mini (ES) contract (pink line above), the Cumulative NYSE TICK has stayed well above May levels. Continued strength in Cumulative TICK would suggest to me that we're experiencing a correction in a bull market, not the start of a renewed bear.
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