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Quick Market Thoughts – SPX 20 DMA

by Online Stock Trading on August 19, 2009

The SPX is stalling at it’s 20 day moving average after bouncing from a 2-day selloff.  Note the 2-day selloff had the first lower lows since the recent test of the high.  950 is major support with the 50 dma and price support there.  It’s options week.  Expect anything as usual.

spx-081909

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