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Monday, April 30, 2012
S&P 500 'normal' for now...
The yellow shaded area shows important support for the short-term rally case. MACD was on the verge of going positive, RSI has gotten through resistance and will now look for support and STO has inched above 80. The bulls are still on the job until proven otherwise. Edit (11:31) The 'W' pattern targets 1420 or so as long as support holds around 1390.