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Commentary Topic from greenfaucet

What Can We Learn from the S&P 500?

Market sentiment has turned negative quickly and investors are still not ready to commit capital on this pullback. I thought it would be good to take a look at one of the broad market indices the S&P 500 index for some insight technically. As you can see on the chart below the high was near the 1150 mark just last week. We closed yesterday at 1091 taking 59 points or 5.1% off the index in effectively three days.