April's highs in the S&P 500 = 1422. Today's lows in the S&P 500 = 1422. Pretty logical place for bulls to make their stand. We'll see what they can manage to do with it and how long it can last.
(EDIT 4 PM – rip roaring 10 point rally in the closing 45 minutes to get back to the bottom edge of the channel the S&P has been riding since June)
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