Odds of a Pullback Increasing

07/22/2009 9:25 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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Stocks have had an impressive rally from last week’s lows and the S&P futures have quickly reached more important resistance. This increases the odds of a pullback. A break in the futures below the 940-943 area would be the first sign of that pullback, with first targets in the 922-928 area and further retracement support at 911.

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