LONG TERM TREND: As you can see from this week's S&P chart, this week closed down significantly from the previous week. This indicates a high probability move lower for the weeks to come. The 108 -110 area represents the zone most likely where prices will pause before deciding to move back higher or break lower.
SUGGESTION FOR 401-K: As long as prices fail to rise and hold above the 40 week moving average (now at 126.66) the long term trend remains neutral to slightly bearish. So my long term money remains on the sidelines for now. I hope you all had a great Thanksgiving. I remain open to any questions or suggestions.
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