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Ranges to watch -- ($SPX)

Yesterday, the bulls staged an impressive comeback as the moving averages not only held, but a small gain at the close was sustained. And so the rally that cannot be killed off rolls on!

For the next little while, lets watch for breakouts from the current range — S & P 1213 as the recent high on the upside, and S & P 1185 (Monday’s intraday low) as a target for whatever bears are left out there.

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