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spx_01292014.png

SPX daily - not including today's action which also touched the blue trendline. The 100EMA and blue trendline are the nearest areas of support which were pretty much tagged today. Wonder if SPX can drop right on through it after the FOMC news OR just rebound strongly as has happened the 3 other times the 100EMA was tagged. Of course, there's also that lower channel trendline...

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