Stock Market Analysis SP500 - Negative Divergences- PE Ratio

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It was a tough day on the US Markets yesterday and as I write this most of the major indices futures are negative. This could be a continuation of the correction that began on the 22nd of February 2011.

Taking a look at the chart of the S&P 500 we see there are a number of technical factors that support the assumption that the market will continue the short term downtrend is has just begun.

Stock Market Analysis SP500 - Negative Divergences- PE Ratio


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