As the S&P 500 oscillates in a 20pt range this week between its 50DMA and the 4/23-4 Bernanke Hope lows, it is becoming increasingly clear that the breadth of the hopium-infused float-all-boats new-normal reality is seriously fading.
NYSE net new highs is fading fast as the S&P clings to hope...
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in a tight band between 50DMA and Bernanke's Hope Low...
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Chart: Bloomberg