US on the Edge: US stocks took a tumble overnight with both the SP500 index and the Dow falling to their lowest levels since February last year. SP500 Weekly: While still technically respecting its bullish trend, the fact that price has broken out of the horizontal range that has supported price for most of the year has the bulls on edge. Most of the SP500 technical traders that I speak to have actually drawn their major trend line a little differently, meaning that price has already broken
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