S&P 500 (SPY) Still holding in a Recuperation phase as long as it closes above 261.74. A V-bottom can easily transform into a bear flag if that level fails. Subscribers: Negative Pivots in all except DIA Russell 2000 (IWM) Still holding in a Recuperation phase as long asit closes above 143.46. Unless this closes the week over 147.20, we could see more weakness. Dow (DIA) IBM helped this today. 242.85 is its 50-DMA to hold.
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