Monday, May 23, 2011

Monday May232011 All Three Major Indices Back Below 50-Day Moving Averages

by Bespoke Investment Group

This morning's sharp decline for the major indices has put them all back below their 50-day moving averages and below their lows from last week. The next level of support comes in at the market's low on April 18th, which is a couple percentage points below current levels. The May pullback continues.





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