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Monday
Dec052011

S&P 500 Short Term Downtrend Broken

DateMonday, December 5, 2011 at 09:34AM

Today's strong open has helped the S&P 500 break its short-term downtrend line from late October.  The next area to watch today will be the 200-day moving average at 1,265.  This is a level the index has twice had trouble staying above over the last month, so bulls are hoping that the third time is the charm.

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