Yesterday, the S&Ps gapped open nicely and held gains above the 1287 level. I pointed out on Sunday night that should the market trade above and hold the February 24 low (1287), that it had good odds of trading higher. It rallied to 1296.25.
should the market break below that and begin trending down, the 1274-70 level. Should the market break above yesterday’s high, the higher key reference level is 1303-06, which would fill an outstanding gap.
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