Off the Charts

Overall it was fairly quiet day in the market as recent gains were digested. The indices did close the day on the lows with the S&P (SPY) closing down 0.76%, but today's downside action was taken stride. 

On a micro stance it would be constructive for the S&P to hold above 1431 as that would prove how strong this market really is but a test of 1427 would not be out of line. The S&P has been trading in a very controlled uptrend that has supported the S&P as it stair steps higher from the Nov. 16 reversal....660 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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