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July Rally?

 
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PostPosted: Fri Jun 27, 2008 6:16 pm    Post subject: July Rally? Reply with quote

The NYMO 20 & 50-day MAs in the first chart suggest SPX will hold the 1,256 low and rally into mid-July quickly or rise at a slower rate into earnings through July and beyond. SPX major resistance is roughly 1,350 to 1,360 (prior support and resistance) or the 50-day MA, currently 1,376.



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