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Tuesday, February 25, 2014

S&P 500 - New all time high seen, more to come?

S&P 500

A new all time high was seen yesterday. Should this new high be taking as a warning that the Dow Jones Industrial Index is about to make a new high too? Or this a warning of divergence? It's impossible to tell at this point, but it will take a break below support at 1,825 to indicate that a top is in place, but it will take a break below 1,739 to confirm the top and add considerable downside pressure.

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