The sp500 made another move higher in the overnight trading session but momentum seems to be falling off. Although it does appear that a further move to the upside towards the next resistance at 4530 is likely, however, that zone will serve a key area for stocks today. If we are able to muster a break above that zone than we are going to try to test the next level up at 4635. If that 4530 holds as the strong resistance that we believe than we are going to rotate from there and possible stay within the daily range or test support at 4440.
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