Monday, October 31, 2011

S&P back below the 200 day

If you watched my video from the weekend, I was watching for another digestion day, so for that model to stand, this downtrend has to be

The S&P 500 is back below the 200 day moving average here, and if this sticks, we can actually see a pullback.....finally.

Too early to tell here if we just trend it down or get the congestion day, but so far breadth is stinky at -1900s

The Bulls have work to do


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