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Currently SOX is underperforming S&P. With breadth and tick looking rather bullish today, it is likely to finish green along with most sectors. HOWEVER, If it closes lower while the S&P closes higher, it could be a short term negative.
S&P 1015 is a Fibonacci retracement level. A break above that price could begin the next leg up.
I see nice consolidation across the board - offering some nice ranges to play.
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