The market was strong today in choppy session closing at 1171.67, but it's interesting to see that it closed right at the 50 day moving average along with the decline 20 day moving average, which could mean some short term resistance here, still major resistance is at the 1185 level.
The volume has been decreasing this week which could also mean the start of some consolidation.
We have support in the 1135 area.
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