Market stabilized a bit in the past week as credit liquidity got better with effort from FED and treasury department. S&P 500 index went up 10.5% last week, but for the month of October it still lost 16.8 %. The weekly chart of S&P 500 index shows that its price is far below the 28 week moving average and its stochastic is at 19. This puts it well in the bear territory.
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