I was watching the sp500 last night, it touched the 200 sma on the 1 hr chart and rocketed.Apparently Boeher (what kind of surname this is) made a comment about the fiscal cliff deal precisely at that moment or something.
I thought the fall was overdone but then the rise was probably overdone too.
it's back to the neck line and ma resistance on the weekly chart. It's probably a good level to go short with tight stops.
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