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March 13 S&P 500 Update – SPY Continues to Trade Around the White Resistance Line

The S&P 500 also had a bullish reaction to yesterday’s worse than expected inflation data. SPY is back above the white resistance line, and is trending down for the day to test this white resistance as support again. The markets are waiting for some more important data that will be released tomorrow. For now SPY continues to trade around this resistance line.

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