S&P rebounded nicely after recent pullback found support near the lower boundary of the pink band. Over the next few days, traders should monitor trading behaviors as the lower boundary of the red band, around 4100, is tested as resistance. As it was the case of late, the normal behavior for the S&P has been to consolidate and retreated almost every time it traded above that level so there is a high probability that a significant consolidation pattern will again develop in this area
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