We have such an advantage with trading because we know that the 50 sma on the daily chart is resistance and breaking over that would be the green light for the rally off the biggest short term oversold drop in ages.
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The shorts didn't cover late Friday before the close.
And the S&P died at 4315 resistance on the daily chart.
Resistance on the daily chart today will once again be key resistance on any rally as it comes down.
