SPX closed below the daily 200 SMA (200 DMA) on Friday, though not yet with a conviction break. If we see more downside today then I have two main support levels below before we see a test of channel support from the 2009 low in the 1180 area. The first is in the 1250-60 area, which was support for the 2011 H&S, and the next is in the 1210-20…
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