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SPX 11.29.11

Posted by StockBuz on November 29, 2011 at 5:46pm
SPX found sellers today at the [falling] 50d SMA but there's much more that lies ahead. MA resistance, trendline and two confluence zones. Let's see if they can climb *this* wall of worry on a leveraged EFSF plan. Does this plan harm the Euro? Will they be out of danger now or is it merely a bandaid? We'd get bullish above $1307. Until then, continue to short at resistance levels

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Tags: short-ideas, spx
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