After closing higher 4 days in a row, the market got the needed rest today. The low of the day was support from the 8 day EMA. Bulls still need a positive MACD cross to confirm the latest stochastic cross. Additionally, the bulls are welcoming the rising 50 day SMA and expect it to come into play in the next 2 to 5 days. The bears are hoping for several selling days o see if the market can successfully retest the 11/27 low.
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