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$SPX bounce play still intact

March 11, 2015 trading brought the market drifting lower. Does it mean the sellers are done with selling or are they getting ready for a new wave of selling? It seems that nothing has changed so far and we still may see some uptrend bounce prior to renewed selling. Unless we see some kind of recovery which would change the trend back up again. The support at 2040 seems to be holding as of now. Tomorrow session will show more clues where the market wants to go.

SPX expected move

Happy trading!
 

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