The stock market indices managed to rally late in the session and take back most of the losses, putting the Dow and the S&P 500 back in the plus column, but Nasdaq had a weak session, closing in the negative column.
The weekly charts for the Dow and the S&P clearly illustrate the importance of stocks not moving any lower. If they do, major levels of price support will be breached.
The stock market indices started the week on a down note, although in the beginning of the session they did try an early rally that failed right at resistance.
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