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January Outlook for the S&P 500

One thing is for sure: the S&P 500 ($SPX) finished 2010 on a bullish tear, remaining highly resilient to the end. However, given the January profile of the last three years, we could see a sizeable drop to begin 2011, as profit-taking hits its full stride. Here’s why..

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A Techical Look at the $SPX

The S&P 500 Index ($SPX) has developed several major technical patterns over the last few months that many traders will be watching closely in the weeks to come. Important directional clues could be revealed by these patterns ahead. Take a look..