Today was a really important day because if the market really had it.
It would have broken over the 50 sma and that would have been bullish.
But once again it did the exact same thing.
Sold off on the 50 sma.
That's telling you the market has a problem.
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It's probably a choppy market for some time, until end of Dec, because of all the new issues the market has to deal with, and with many of big S&P stocks still having plenty of investors sitting on profits, that are probably panick selling to lock that in on every down days
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