The MACD appears to be rolling over, and with OIL at $105 and no QUICK settling of war and tensions in middle east, PLUS $100 OIL may be here for awhile and its going to take its toll on consumer spending and transportation costs.
The S&P 500 fell back to the lows of a few trading days ago and recovered from there, the closing price was right under breakdown from the wedge I posted few days ago at 1310.
We should know a lot more in the coming days.
D
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