The US 100 stock index (cash) could not successfully breach the 200-day simple moving average (SMA) as the 8,300 resistance level stood tall, with the index pulling back below that line and towards a five month low of 7,602. Also, the price dropped below 7,789, which is the 50% Fibonacci retracement of the 5,838-9,750 long-term upleg, increasing speculation that the sell-off […]