The beginning of the month, and a holiday weekend, often witness an uptrend in the market. This time was no exception. The market moved up although it was with low volume. The follow through that we mentioned did not happen. The uptrend ran out of steam and the downtrend resumed today. Hopefully the market will break through support at 1041. It has already failed three times to break through this support level. If it does so this time it will be significant.
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