grinding on

Not quite a Sell Signal but covered the S/T Buy Signal at 1856 ( +9 points).

As expected the market is currently showing weakness and will most probably continue to chop around in this area until we get some kind of resolution.

Look for support at S4 and/or S2 for bounce to the upside, but there is risk of a move down to S3.

Possible down-trend emerging.

Chart of S&P500 for April 28, 2014

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