Selling Pressure Inflicts Damage to the July-Oct Uptrend
Posted on October 09, 2012 at 13:20 PM EDT
The Emini S&P 500 has sliced beneath its nearest-term significant support line off the July 24 low, which cut across the price axis this morning at 1442. The fact that the price structure has been trading and consolidating below the trend break point suggests strongly that the bears are firmly in control of the decline. Read More on MPTrader
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