...there have been some nice divergences on the hourly macd and rsi for S&P to put in a rally....the nov lows 741 and 200 sma on the hourly are good targets...a little retrace of last nights spurt wold take in 700 (61%)...and support...a nice place to bounce from.....problem for xjo is it hasn't fallen so far from the nov lows as the others....stalled today at 3217.....its hard for me to be going long here when the US still has a heap of work to get back up and test Nov lows
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