The stock market had a great +1 month rally since the last post. For the last two weeks the 'pause before going higher' scenario hasn't developed and the major indexes has moved down to an important support level. For the SP500 this is the 1225 area. No doubt there should be a bounce around this level but if the SP500 stays around the 1225 area without moving back higher then for the short term another +3% move down could occur.
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