The reality of an Obama Presidency- Will this be a continuation of the bear market?

We all have the same charts. Either there will be a breakout or a breakdown. The key level is 1006 and getting past it. Beyond that somewhere around 1050. If it breaksdown then I see a lower low on the snp coming.
 
It doesnt get much cleaner then this. If the market cant get above that little blue line, then we might have a breakdown and yet another retest of previous lows. The third time is usually very tricky.


 
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