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Tuesday, May 8, 2018

Tuesday after the close

The SPX closed flat today, down just $0.69 at the $2671.94 level spending much of the day consolidating sideways. Hopefully we can breakout and bust that upper trendline here soon to confirm that the "E" wave lower has indeed wrapped up.
We did get a close above support of the 20 day MA and indicators are now going into fresh buys. Resistance from the upper Bollinger band closed at the $2707.18 level.

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