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S&P Continues to Find Support At 1156

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October 12, 2010 – Comments (0) | RELATED TICKERS: SPY

Despite repeated attempts to break through 1156, the bears simply have not found the muster to really put the fear of God in the buyers. Instead, we continue to see the market catch a bid every time at 1156. Today's bounce, if it holds, would greatly demoralize the bears cause. As it stands right now, we are trading near the highs of the day. 

Here's the Chart Analysis On the S&P.

 

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