Wednesday, November 14, 2012

S&P 500 close 11/14/2012

Yeah pretty ugly.  S&P was down 19 with not much of a fight to hold 1375.  Next congestion point is 1350 with 1330 now in play on the yearly fibonacci retrace.  All indicators are growing more bearish.  Market is still technically oversold, but it really does not seem to care.

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