mych36

S&P 500 Current Situation

AMEX:SSO   PROSHARES TRUST PSHS ULT S&P 500
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The S&P appears to be consolidated and moving sideways and I expect is will for at least the next couple trading days.

Right now, the momentum is heading down, but I wouldn't expect the price to break below 83. After the downwards momentum fades, I would expect price to retest the the highs in the 84.25 range.
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