S&P Re-capturing the uptrend.

SP:SPX   S&P 500 Index
199 2 1
S&P             has bounced 50 points since the bottom on Monday. Friday tested 76% fib and also the 1600 level which was held successfully. Next resistance is 1620, but a move above 1630 will test S&P             back on its uptrend support line.
It's in a bear market, any bounce is short live. Though it could run back to 1700 for this bounce.
1Percent maincuts
As a trader, 95 points of upside on S&P is quite significant.
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