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Is The Stock Market Setting Up For A 2008 Style Crater?

Which way is the market going to go? The technicals on the S&P500 show a weakening trend that, should it break through the channel support, could begin a serious leg to the downside.

Having said that, the market is also testing the 200-day moving average, and if it finds support, could actually swing to the upside.

Five Key Topics Covered

This post appeared first on Technical Traders Ltd.