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04-16-14 SPX Daily Headline Chart

April 15, 2014: Buyers return and attempt to capture overhead resistance.

04-16-14 SPX Daily Headline Chart

SPX Buyers make a stand and attempt to capture overhead moving average resistance following resolution higher of Monday's "Inside" pattern. A daily close above a cluster of moving average resistance is imperative for Buyers, otherwise the current rebound is nothing more than a normal oversold bounce.

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