R.C. Market Report 12.9

• Tomorrow's Forecast: Mixed Outlook

• Today: 50DMA resistance held up once again and we slid down into the close. Volume remains light.

• Tomorrow: Tomorrow can be a pause day, a continuation of today's decline, or a retest of the 50DMA resistance. I can envision any one of those happening tomorrow so my outlook is mixed. With light trading volume, it won't be easy to find momentum to break through the resistance right away. We may need to spend more time and possibly form another higher low before pushing our way upward. Likely rangebound for next few days.