The Veterans Day holiday on Monday

S&P 500 (Dec 12) INTRADAY Review Yesterday the S&P eventually extended the downward trend that is now two months old but a trend that has picked up a lot more momentum and speed over the last week. Technically the long term picture continues to look incredibly negative and a breach of the 50% Fibonacci retracement level of the June to September rally at 1365 opened the door to another significant sell off. For much of the US session the S&P had found strong support at Friday’s low

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The Veterans Day holiday on Monday

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