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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (50512)	5/21/2013 8:38:13 AM
From: Vendit™	1 Recommendation Read Replies (2) \| Respond to of 220483

Looking at a weekly one year chart, the $SPX looks like it wants to pull back a little. First support is at the 1,635 area. Volume looks like is fading and two of three lower indicators show a move near a sell signal but remain unconfirmed. Last week’s trading range moved above the upper Bollinger band which shows the index is trading above its normal trading channel. A pull back this week would be considered normal.