By John Pisanchik

The market dynamics have been breaking down this week with the S&P Cash index closing at 1036.19 which is below the 50 day average . There is a level of support just below this close, which if it does not hold, will open the way for the market to trade lower, at least to the 1000 level. The 1000 level is a support level and the market will probably chop a bit there. If we do get to that level, the probability is very high that the market will undergo a good sized correction as we continue through the last quarter of this year. Happy Trading.



Filed under: Market Opinions

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