What a week! We saw the bulls get taken to the woodshed unexpectedly after everything appeared to be on the 'up-and-up'. Once again, the bears have fought back and doing so right at the cusp of completely handing this market over to the bulls. Some great drama! The S&P broke both the 50 and 200 day moving averages, held 1130, broke through support levels at 1107, 1088, and finally today at 1080. Next test will be at 1056, 1040 and finally at 1010 . Market 'em down because those are the remaining support levels before the bottom falls out of this market.
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