Off the Charts

The S&P logged its fifth consecutive day of losses in today's session as the index slipped 0.27% in a choppy trading session. The Dow finished down 0.40% and the Nasdaq finished down 0.19%.

The low of the day in the S&P today was 1691. Use that as your new short-term point of reference to navigate this move lower as the S&P approaches some key levels of support. The 38.2% Fibonacci retracment level is 1690 and the 50% Fibonacci retracement level is 1678, which lines up with the 50-day moving average....391 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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