SMB Setup for the Close for December 4, 2009

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Today, the Market rallied on the Open and failed right above yesterday’s highs. SPY sold off hard mid-day when the market got below 111.50. The market found support around the 110 support level and rallied back up to 111. Into the Close we are watching SPY 111 and 111.50 for res and 110.45 and 110 for support.

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