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 Source :
Again financials helped s&p to close above 1150.After taking out 1120 convincingly we got good rally till 1150 and if s&p unable to cross yesterday high and falls below 1142 level it might attempt 1120 once again.

Take a look at the below chart we made high on 19th Jan at 1150.45 and yesterday's high was 1150.24 and on both days s&p closed at same level.

But only one thing which is lagging me is volumes were low and advance decline ratio was ok at 3:2.

Above 1152 resistance comes at 1158 and 1164
Support levels at 1142/1130 and 1120.

Dollar index moving in a range of 80-81 so no decisive move yet.

Cheers & Best to your trading

Disclosure: no positions