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Thursday, June 24, 2010

SPX analysis for 6/24/2010



The market continues to lose ground as the selling took the index down 18 points to 1073.69 closing below the 20 day moving average.
The next level of support is at the 1040 - 1050 area, resistance levels are at 1090, then at 1100 and 1110 at the 200 day moving average.
The bulls should defend the 1040 area level of support, otherwise 1020 is next and 1000 after that.

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