Two doji candles on the S&P 500 daily chart indicate indecision. Fiscal cliff negotiations are unlikely to be resolved quickly and another test of primary support at 1350 seems inevitable. Failure of short-term support at 1400 is likely and would signal a test of primary support. While breakout above 1425 is unlikely it would test resistance at 1475. Reversal of 21-day Twiggs Money Flow below zero would indicate selling pressure, but a higher trough (above/below zero) would suggest continuation of the advance to 1475.
