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spx_12132013.png
SPX daily looks to be below a potential HS, but above a support level at 1775.22. Assuming price continues downward, there is a confluence of next support around 1762 based on the 50MA and an upward trend line that resulted in a huge bounce in early Nov. Huge is relative, but let's just say it caught my short position totally off guard at the time...
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