S&P 500- Upward Trendline Broken!
Market Outlook- Market In A Correction
From our point of view, the market is back in a correction now that all the major averages closed below their respective 50 DMA lines and downward trendlines. Since the beginning of May, we have urged caution as the major averages and a host of commodities began selling off. The next level of resistance for the major averages are their respective 50 DMA line then their 2011 highs. If you are looking for specific help navigating this market, please contact us for more information.
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