1250: The Number on Everyone's Tongue

1250: The Number on Everyone's Tongue
nyse

I'm overloaded with work having been out of the office Monday and Tuesday but I just wanted to throw this out there...

The number on everyone's tongue is 1250.  That's the S&P 500 support level that every single trader I talk to is focused on right now.  1250 is both a support area as well as the S&P's simple 200-day moving average.

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