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Monday, September 20, 2010

Monday updates!!!

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7:37, The SPX is outside of the Bollinger bands, if it quickly reverses to recapture them, this morning move up could turn into a headfake.
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7:29, The SPX has broke above 1131.23, it will be very important for the bulls to hold this level into the close. The short-term trend continues up, and if the SPX closes above 1131.23, the longer-term trend will also revert back to bullish as the SPX made a major higher high today.

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