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The Market At A Glance

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December 08, 2011 – Comments (0) | RELATED TICKERS: SPY

Since much of what has discussed in recent days hasn't changed on my daily trading plans, I thought I'd just give you an updated chart this morning. It speaks for itself and if we can break above resistance, we should get a nice rally to close out the year. 

But for the last three days we have failed to break through resistance and this morning we are breaking lower on some bearish news out of the ECB, so make sure you consider the scenarios revolving around a bear market and how low we could possibly go. 

So here's what to watch for....

 

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