S&P500..1288.79…The 1326 level continues to provide fairly good resistance and thus, the ST trend on the daily chart remains down despite the fact that it has lost part of its downside momentum. Thus, as long as the said resistance remains intact, we continue to expect a decline twd our downside target at 1255 and probably even to the 1227/1211 area. On the downside, a firm and sustained break abv 1326 (say, a close abv that level, or an intra-day move abv 1333) will signal that a ST

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