Watch for SPX breakdown below 1883

FX:SPX500   S&P 500 Index
199 0 4
With oil             being "sold on the news" we're seeing some weakness in both SPX             and its funding currencies (JPY and EUR). With futures already trading below support at 1880, watch for a breakdown in SPX             below 1883 - the top of monthly consolidation support. I think we are due for a little pullback and wouldn't be surprised to see SPX             trade down to support at the 1870 level. Stop at 1894, with an upside target of 1910.
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