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| SPX Daily |
The bulls stepped up today and provided a bounce right into heavy resistance on the S&P500 between 1355-1375. This is probably going to be a tough spot for the bulls. So far, there are a few positive reactions to earnings... AMGN & PCLN are up, and AMZN, SBUX & FB down..... although AMZN keeps trying to claw its way back to positive. FB has pretty much done a face plant... no "likes" from anybody so far.
The S&P500 doesn't look too bad, although the bulls will probably need to get active in the futures market tonight for this rally to continue. A close above 1375 on SPX opens up the potential for 1400.
