All five major indices are now trading below their 200 D-SMA, but that wall of resistance has got a few big holes in it now and has become quite weak. I expect indices to rally either tomorrow or early next week and close solidly above their 200 D-SMA's for the last time in 2011.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
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