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The Redline resistance could go back to February.
Everytime, market close in to the line, it was also at or near the top band of BB.
Market will not bounce off right away except 875 level. Most of time it will flirting with the redline a little.
A break out of this line certainly signal some tone change.
Also SPX seems has good support at MA50 and MA100. Especially MA100, break down of MA100 is going to be very bearish.
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