The Wilshire 5000 closed today at 11,529.18, .21% below the 200-day moving average of 11,553.34. The market crossed above the 200-day moving average two days ago, and stayed there before closing below today. The 200-day moving average is a significant technical mark, while the market is now below that technical level, the 200-day moving average is still in an uptrend, which is bullish. Every market needs to take a day here and there to rest and consolidate, and today was one of those days. While the market was down today, the overall fundamentals of the market are bullish.
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