Commodity weakness represents buying opportunity

Tuesday’s bounce attempt ahead of Wednesday’s FOMC meeting didn’t accomplish too much technically and until this range is broken, it’s right to think of Markets as being in “No-Man’s Land” with key support at 4157 and resistance at SPX-4300, then 4416.   Given the downward sloping momentum and ongoing three—month downtrend, it’s right to view rallies as selling opportunities until proven otherwise.  A move above 4416 repres...

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