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S&P Testing Support

Friday’s continuation of the recent sell-off has bought the S&P back to a frequently tested supporting trend line.  A significant break here over the next two weeks would be telling in its bearishness, imho.

Here is the short-term look.

2014-04-11-SPY-ST_CHARTS

Here is the rising wedge that has been built since the 2009 bottom.

2014-04-11-SPY-LT_CHARTS

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