2/26/2010

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SPX Resistance @ 1106 - SROON Report


We continue to bump up against resistance on the SPX @ 1106. If we’re unable to break through this level we should pull back to the 1075-1080 level towards the end of next week. Yesterday's reversal of strength was a bit unexpected and continues to push the indicators towards overbought levels on the Daily charts.

I’ll be updating the SROON Report over the weekend to break down all the market indices and sectors so that we can – Keep an eye on the Big Picture!   - Dennis Glore

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