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Wednesday, June 2, 2010

SPX 6/2/2010

Well, the market rallied all day long and ended up almost at the 1100 level, if we can break 1100 and keep it up, the bulls have a chance to claim back the 200 day moving average.
Support is at 1070 and resistance at 1105
Basically today's rally was a short squeeze that kept triggering short sellers stop losses.

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