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| SPX Daily |
The bulls stepped up again today and defended the 50day on the S&P500. If they are going to get a rally started, it should start tonight in the futures. If we rally into the end of the week, I'm expecting a move towards 1400 into the end of the month. If the bears take over and get a solid close under the 1335ish level, I'll be watching the 1310 level closely because I think we will be at a high risk of pushing back towards break even on the year (1257ish). Overall, I get the feeling we're at a pivotal moment here... up or down, I want to be ready for it.
