Stocks rallied yesterday, an occurrence that has become a bit more rare so far this year. From my perch, 1775 for the S&P 500 is a pretty important level that is just overhead. Should stocks overcome that level, however, the 50-day moving average currently sits at 1809. A rally to that level would still not quiet the talk of a head and shoulders top pattern forming. All in all, bulls have some work to do if they hope to keep the dream alive:

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