Equities at a Critical Level: 1330

After much of the day in Oversold territory, the SPX finished yesterday nearly flat.  Internally, the last two days of trading have not looked healthy.  Futures are lower this morning.  Today’s levels:  Overbought at 1359, Oversold at 1339.  The SPX will once again trade into Oversold territory today.  We’ll need to see an early buying in order for the SPX not to get caught in the low 1300’s range.

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