Technical Picture - Oversold
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IBD changed their market outlook from "Uptrend under pressure" to "Market in a Correction" tonight following another distribution day.
As you can see from the S&P e-mini futures chart above, if we can't hold today's low as support, watch out down below. There's not much support between here and the July lows. After hours, Irish debt downgraded from AA to -AA by S&P.
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