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After a Solid Up Day – Market Opens Lower

The current rally remains under pressure.

The Dow and the S&P 500, which both defended their 50-day lines last week, fell below that important technical area on Monday.

Although they quickly regain the loss yesterday, today the major averages are once again struggling as each remains in a short-term downtrend.

A convincing break above that downward trendline would be technically significant.

SEE TODAY’S COMPLETE REPORT HERE