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S&P500 Futures Holds 1258.75 as Support Level

Tuesday, 06. December 2005

After a test of 1258.75, the S&P 500 is on the rise. 1273 is the next resistance level which will also be a triple top.  Indicators are in sell but there is no setup and this market has an upside bias. There is no way to get long at this time so we will wait for the opportune time. Energy is once again moving the markets coupled with the rise of commodity prices.


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