Entering a New Phase
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Don't underestimate the importance of Tuesday's market drop. Going into the session, I was watching the 1358 level in the S&P 500 as likely support and as the bottom of sideways consolidation going back to March. It failed! That means the consolidation coming on the heels of a five-month advance has become a downtrend instead, suggesting the market has entered a new phase....355 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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