If There's a Rally, It Won't Last Long

A week ago, we were looking for a continuation of the decline, with the next support around 2405. Yesterday we reached a low of 2417, which is getting us very close to that support.

We see on the first chart below that this vicinity held the market up in late June. So we may be getting close to at least a temporary holding area. In the process, the MACD, the indicator across the bottom of the chart, has gone to a region that has, in the past, indicated an imminent rally, but there is not yet a crossover....246 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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