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Near tern future direction

INDEX:SPX   S&P 500 Index
171 0 2
The market will give us a hint at the near term future direction very shortly. With the roll over of the 20 SMA there could be farther downside action             , but with support at the 50 SMA we could see rejection of the current fall. If the market drops below the trend line , expect a fall into the 1550 to 1560 area or more. If the market stays above the trend line , A return to test the 1687 high.
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