increasenow, I am in agreance with you. The 200 SMA is huge at this juncture. It's been tested 3 times in the last 4 sessions, and no close above. We'll just have to see what happens here. The Fed probably sees this, just like he noticed the march 18th retest of the jan lows, and decided to put a floor in this market. Hell, the way things are going, we might get ourselves a 200bp cut tomorrow morning just to break through this puppy.
