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Tuesday 17 April 2012

S&Ps nearing range resistance

Hope remains alive that this week's earnings reports will put a support under the market ahead of next week's Fed meeting. If earnings provide the upside catalyst we should have no trouble pushing back above 50dma and into the prior range.
As of now S&Ps nearing range resistance at 1386.87.

note_how the market closes today is going to be very important indication of the next market move

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