Big Money was busy today picking up panicky sold stocks. Support lines for major indices held well. Chances are good that we see a back test of 50 D-SMA for SPX (around 1658) by Friday. A close above 50 D-SMA would be extremely bullish.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change N without notice.
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