Stock Market Test Ahead

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This is a chart of the SP500 over last 12 months. Since December we have been in a trading range of 800-900. This is a very important time for the U.S. stock market. A break below 800 and more impoirtantly 770 will usher in huge selling. This morning the futures indicate at least a 20 point decline for the SP. Let's hope these technical levels hold.-Lou