After disappointing GDP numbers, the market sold off early on, but managed to gain back all the loses to close flat, still the SPX closed below the 200 day moving average for the 3rd consecutive day in a row, but is holding above the 1100 mark and above the 20 and 50 EMA's as well.
If the bulls are going to take charge, they will need to do so quickly, before more damage is done, which could bring the index down to 1060.
Resistance is first at 1120, then at 1130 and support at 1060
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