In the immediate near-term, it's basically a coin toss as to whether the index heads back to test last week's highs, or continues down to its 200-day moving average
Clive Corcoran would not be surprised to see the S&P 500 futures index attempt to rally today when trading opens in the US. The 1150 level should provide a strong layer of resistance with even more above that at 1160.
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