After a big absence due to issues in my private life, I am back..
The market proved to be strong after my latest comment, which was a minor down move and raising questions about a reversal.
S&P went up to 1100 , tried to break that level couple of times but failed to retreat down to 1036 on friday..
You can see the trend channel in the daily graph and the market is at the 50 day moving average support. I expect a bounce somewhere around here, maybe the market can go as low as 1000 but the uptrend is still there..The big level with the green line is 930, 200 day moving average. Thats the level which if broken,I will say the up trend is in my opinion over.
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