S&P500 Index nearing rebound support zone:2734/2687!

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S&P500 Index nearing rebound support zone:2734/2687, at the bottom end of the weekly cloud chart. We not out the woods yet but the market is near a 20% correction and that has been a much needed correction for the market was over valued for quite some time! This correction flushes out the speculators and offer investors new entry points for the market!