Courtesy of Lee Adler of the Wall Street Examiner
The market broke key support yesterday, but not by much. This morning it is attempting to regain that level. If successful, a 4 week cycle upturn could be under way, but the market would need to clear the 1355 area to have any room to run on the upside. If the market fails to recover today, most projections are in the 1335-40 area, but a new 4 week cycle projection points to 1295.
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