Why the Current stock market is down ? Technical analysis video

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By Dan Tanner

Market dives on super committee failure today. Market uncertainty and European debt crisis is bringing an otherwise promising rally to a halt, and it may become a complete route. Debt crisis at home has been nothing new, we saw all of that this Summer and much more. US credit was downgraded and now another down grade may come in the wake of this failure.

France’s credit downgrade is just around the corner and Spain’s under the radar as well. Under these conditions all major indexes sank and SPX closed below its 50 day moving average giving bears a chance to rule this week as volumes thin out during the short Thanksgiving week. Bear are in control and they will be perhaps rest of the week as it looks here.


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