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03-21-14 SPX Daily Headline Chart

March 20,2014: Sellers failed to follow thru lower after Wednesday’s FOMC induced sell-off.

03-21-14 SPX Daily Headline Chart

Sellers failed to follow thru lower after Wednesday's FOMC induced sell-off allowing for Thursday's relief rally and bounce back within a defined consolidation range. Resolution of this pattern is likely to determine the durability of a weakening corrective phase.

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