In general I was thinking the S&P was going to be in a Trading range from 2950- 3250 in the near term.
But this last rally died at 3150 a lower high.
So If things go sorry and we start trading below 2950. Then all bets are off. Could be another Nasty sign of a March style drop.
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I agree if we break below 2950 we will take another nose dive. Of course we are also one therapeutic drug headline to have the market rocket again.
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