in my opinion the S&P is trying to rally, as i see a sign of follow through from a significant bottom, 7 days to be exact, with nice volume... the problem i see is this rally will be squashed by a 200 day moving average that has now rolled over and is heading down...i can see a nice rally to that 200 day MA... but i will be surprised if any break through it will be sustained... so maybe a nice rally up to, but watch for heavy resistance on a falling 200 day MA... just my 2 cents.
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