A bearish pattern?

I showed this chart before. The S&P 500 (1041.07) is still below the moving average shown on the chart, which stands at 1111.60 (click on the chart to enlarge it).

Hopefully the market will soon move above the moving average (red line).

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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