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S&P 500 Market Outlook: The Long Awaited Pullback Begins

Technical analyst Willie Delwiche, CMT, writes that the long-awaited downturn for the Standard & Poor’s 500 index is not yet a certainty but looks increasingly possible. While its intraday chart shows an overall gain in January, it has stumbled significantly recently and momentum is showing clear signs of dissipating.

See It Market (05 Feb.)

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