Going out of my mind
You got me thinking
That I'm wasting time
--Electric Light Orchestra
Although the indexes broke thru their triple bottoms in a big way yesterday morning, the bulls had the bears backpedaling the rest of the day. By the day's end, the bulls had recaptured the flag and closed in the green.
Many traders are eyeing SPX 2600 as the near term Maginot. With yet another layer of demand stripped away on the most recent test, bulls are hoping to keep the battle well north of that weakend level of support.
no positions
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