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Thread: S&p Res@ 1537.03

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    Default S&p Res@ 1537.03

    Resistance: - 1537.03(main), where a correction may happen. Break would result in 1543.06, where correction may be. Then 1555.31. Be there a strong impulse, we would see 1569.20. Continuation will lead to 1582.03

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    it will take more than year for s&p to get back to 1300 and u r thinking of it in 1500 :s

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    S&P was one way traffic on Friday and this morning the market is stronger breaking to 934.40. Possibly you will get the buyers going higher from here, but this is drastically oversold on both the long and short term charts that maybe buyers will give a reprieve until this scenario is dealt with.

    916/915 on the downside offers good short term support, and buyers will be ready and waiting for such a pullback. Only below 913 would they question their position and turn tail looking for 907.

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