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(1/24/15)
Overall the key upside resistance level to watch next week
remains at 2071 which is the 78.6% Retrace from 2094 to 1988.
If the S&P 500 rises above 2071 then we have to assume it
will eventually make a new high with a possible target near 2140. 2140 is
the 161.8% Extension level calculated from the 2007 high of 1576 to the 2009 low
of 667.
Meanwhile if the S&P 500 fails to rise above the 2071 level
then support remains around the 2000 level which is along the 125 Day Moving
Average and small upward trend line (black).
Amateur Investors
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