Well we had quite an interesting week. The NFP number on Friday was positive and the initial reaction was positive for a few minutes and then the market turned. We ended with the $SPXA50R right on the caution line. The MACD is crossed down so it would be reasonable to expect that we could see the key red line at 50% tested. It did dip below in the first few days of 2015 but then it regained the key level. Lets see what happens in the week ahead.
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