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Tuesday, May 18, 2010

SPX pop and drop.



The market continued to rise this morning and opened with a 10 point gap, which took the index to a high of 1148.66, before the sellers took over.
The market sold off all day closing at 1120.65, but the selling continued in the after market session.
The next logical level of support is around 1100 at the 200 day moving average where most of the buyers could be waiting.

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