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  • Michael Lee
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  • DJIA . Dow Jones Industrial Average . Exchange-traded fund . Level . May . October 2008 . S&P 500 . Support and resistance .

Since the election, all major indexes have turned sharply downward on the back of unresolved "fiscal cliff" issues. The S&P 500 and the Dow Jones Industrial Average are now approaching areas of significant support, leaving many investors on edge. The S&P 500 is trading near support around 1,300. It was a fall through this support level that ignited the further crash in October, 2008. Since that crash, the S&P 500 managed to climb back to this significant 1,300 level in…

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  • Michael Lee
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  • DIA . Dow Jones Industrial Average . Exchange-traded fund . NASDAQ . PowerShares . QQQ . S&P 500 . SPDR .

The markets charged out of the gates at the beginning of the year and, as they tend to do, historically, began to lose steam in late April/early May. Since then all three major indexes, the S&P 500, Dow Jones Industrial Average, and the NASDAQ have all found resistance at the 1,400.00 level, 13,000 level, and 3,000 level, respectively. Here is a one year look at the S&P 500, Dow Jones Industrial Average, and NASDAQ indexes: Likewise, the SPDR S&P 500…

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  • Michael Lee
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  • Dow Jones Industrial Average . Exchange-traded fund . Moving average . S&P 500 . SMA . Stock market . United States .

The S&P 500 recently broke support and is now-- as of this writing-- lingering just below its 200-day simple moving average (SMA). Though there is hope for our equities markets to stay strong throughout the year, a major break in support raises a big red flag. If the S&P 500 continues to fall, breaking its 200-day SMA, additional support will likely not be found until the index reaches the-- somewhat far off-- $1,200 level... Read the full article at: http://seekingalpha.com/article/640361-s-p-breaks-support-83-inverse-equity-etfs-to-use-as-a-hedge

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