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Published on Sep 13, 2016
The
S&P 500 initially fell during the course of the day but did find a
little bit of support near the 2120 handle. Ultimately though it is a
market that seems to be consolidating overall, so I believe that there
are buyers below that will eventually turn this market back around to
some type of supportive candle will present itself, we see that I take
advantage of and start buying. Ultimately, this is a market that should
continue to go much higher, but there will be a lot of volatility
between now and then. That being the case, the market looks as if it is
very supported near the 2100 level, and as a result I feel it will act
as a “floor” going forward. With this being the case, the market should
continue to find buyers again and again.
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