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April 29, 2012

US Dollar at Trend-Defining Support, S&P 500 Retakes 1400 Figure

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The US Dollar is testing trend-defining support threatening to mark a major bearish reversal while the S&P 500 is working to build momentum above 1400. S&P 500 – Prices took out resistance at 1399.10, the 61.8% Fibonacci retracement level. The bulls now target the 76.4% level at 1409.00. The 13... FF News: Technical

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