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S&P 500 THURSDAY OUTLOOK

 Source : http://www.moneyvistas.in/
1168 Got resisted successfully and momentum is not weaken yet.
Yesterday s&p made a new high at 1169.84.Now it might test 1175 mark.


Volumes are low and s&p is highly overbought.


Take a look at chart which shows Over bought conditions and behavior after over bought















Markets can remain in overbought conditions when there is no negative news.


Support at 1142 and Resistance at 1168 and 1172.


Cheers & Best to your trading


Disclosure: no positions