Will the move be confirmed? That is the question but a clear breakdown in the S&P 500 occurred today.
Trade with caution, Europe is by far from solved. The US "supercommittee" has failed until now to agree on a solution. China has stood its ground on many issues, demonstrating a shift of power to the east. Japan is continuing to print to keep the Yen from appreciating.
The purple line is where I see as a huge level.
See Long term forecast For an explanation of the significance
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