S&P didn't chance today from yesterdays close price. Today market opened up based on the decent numbers in the morning, it looked like we are going to recover yesterday down day move and close strongly. And another report came and took everything down. We did see some demand at the latter part of the day but still in general today I see little heavier selling then buying.
In short run, we may see couple of up days but until we see strong positive momentum in the market, i still see that we are hitting the supply now and S&P may test the 1359 price soon.....
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