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Friday, July 29, 2011


This chart clearly shows the lines of support and resistance.  


I had to redraw everything again so some of the fork colors have changed.
1295 is a significant position to gain, and 1281 is the critical level to hold.
But I'm still waiting for 1306 before I'm onboard with the Bulls.
Today is all about the 50 and 200DMA


This is what I have for the /es. Looks like a good place to bounce, but I'd like confirmation from the internals and the SPX

1305 SPX appears to be the biggest hurdle.

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