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Beginning of New Up-Move, or Countertrend Rally?
By Mike Paulenoff, MPTrader.com

A very interesting day has shaped up, largely because of what happened on Friday. On Friday we saw the indices trade in the morning session to a new reaction low -- that is, a new low from the November highs that were created. To use the E-mini S&P as a gauge, we went from 1064 , on November 7 to a pullback low of 1030

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