Off the Charts
The market closed the day in the red as ongoing European debt woes loomed and weak economic data weighed on the market.
After yesterday's close, we stated we would need a little more clarity in the market before making another decision about longer-term direction. The technicals and price action are now signaling lower prices ahead. The 20-day moving average posed as resistance in the market, and a bear flag is developing below the accelerated trendline that was broken on April 4....659 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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