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S&P500 Daily - Bouncing back or rolling over?

INDEX:SPX   S&P 500 Index
// update 06-08-2014 //

This chart was posted last month where we noted the limited upside potential. Price came off the highs an could be rolling over. Where and how we rebound are the key questions.
The two support areas to observe are marked with the blue and brown arrows. It would be healthy to witness at least a minor bounce at the blue support level .

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