Bear Roars

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Heavy selling with a close at the day’s lows tells us the Bear is in gear.

Look for the  50-day moving averages of the major indexes to be tested in the coming sessions or weeks. These are the technical support levels everyone watches. Price action always reverts back to these dynamic markers. 

It’s May. This is when we expect this type of downward shift before fund managers head off to vacation spots and take it easy.

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