Three straight days S&P500 has been rejected (found sellers) at the 50d SMA. Clearly we are heading lower; nearing the 5% correction level. Whether it holds or we bounce and fail to a 10% or 20% level is the question.
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Three straight days S&P500 has been rejected (found sellers) at the 50d SMA. Clearly we are heading lower; nearing the 5% correction level. Whether it holds or we bounce and fail to a 10% or 20% level is the question.
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