Tuesday, December 9, 2014

S&P 500 Futures Fail Again at Upper Trendline

We failed hard at the 9 dma @ 2064 as well.

The news today in China and Greece is not good, the dollar has sold off, and oil is still getting crushed.

The dip buyers have their work cut out for them today, otherwise the 2014.50 level highlighted here last week  looks like a near term target.

The 50 dma @ 1991.74 lingers below.

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