S&P 500...watch the 2,050 level...

Equities have been strong as the Small Cap Indices have taking out important resistance over the past few days.  Things look quiet this morning, but watch the 2,050 level on the S&P 500 for a support level.  It was the top of the range over the past week before breaking through it yesterday.  Breaking this level could mean the trend is turning downwards after consolidating over the past two weeks.

 

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