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04-15-14 SPX Daily Headline Chart

April 14, 2014: Buyers step up as Sellers stand aside to take a break.

04-15-14 SPX Daily Headline Chart

Sellers take a breather after two successive sessions of blood letting allowing Buyers a chance to recoup some losses. Significant overhead resistance awaits at a cluster of moving averages. The light volume bounce is a concern with follow thru higher required to validate a sustainable rebound. What's more, resolution of an indecisive "Inside" pattern will determine the direction of the next durable trend.

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