As of this writing the $SPX futures have taken a nose dive to the 1430 level on news that congress is going to take off on their Christmas vacation while uncertainty runs rampant in the markets.
The retrace levels are approximately the 50dma for the 38% and the 200dma for the 62% retrace. Let's see if things hold at those two important levels.
Isn't this apropriate for the Mayan End of Days Scenario.
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