NOTE: Please click on the charts below to enlarge them if they do not appear clearly.One day after closing at new multi-month highs, the major indices sold off sharply, closing below their previous day’s lows. After trending steadily south throughout the session, the S&P 500 and Nasdaq Composite both finished 1.8% lower. Aided by resistance of its 200-day moving average that we pointed out yesterday, the Dow Jones Industrial Average fell 1.6%. The small-cap Russell 2000 and S&P Midcap 400 lost 1.9% and 1.2% respectively. Opposite of the previous day, all the majo[...]
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[Source: The Money Blogs]
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