The Nasdaq also enjoyed its gain. It's more measured advance has the 20-day MA to act as support, and as long as it holds buyers are in control.
The S&P enjoys the same path as the Nasdaq, with the 20-day MA available to play as support and a place to trail stops against.
Long remains the place to be, but it's not a great time to buy.
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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. You can read what others are saying about Zignals on Investimonials.com.
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