Those of you who follow the charts realize that there is good reason to be concerned about the near term of the market.
Many stock and indices' graphs have made a definite "head and shoulders" formation. This may indicate a serious downturn in U. S. equities.
Yesterday, the S&P 500 broke below its 50 day moving average of 1513.47 closing at about 1510, if we don't get a significant rebound today, we should see further deterioration of stock prices. If so, brace yourselves for a rough ride.
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