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Wednesday, May 7, 2014

SPX Price Action - Trading Levels - Strategy Update - 07 May 2014

As of daily price levels below 1870 target was capped @ 1861.60 - 1857.85 of which 1st target achieved.. Daily Technicals suggests some downside pressure exists but some of major indicators are taking supp

Current Resistance @ 1866.65 - 1874 reversal above 1878

As of weekly Support holds @ 1855 below that likely to test 1844 - 1836 Which once again acts as strong support which could make way for a final exhaust rally to top @ 1906 - 1918

The breakdown level of the pattern is @ "1806"

Now @ 1866.65

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