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March 20 S&P 500 Update – SPY Back Above Resistance

The S&P 500 had a bullish rebound yesterday, and a bullish daily candle close above the white resistance line. However, the price action is still neutral within the range discussed yesterday ($508 to $517). Today $SPY is retesting the white resistance line as support, and I would monitor the $517 highs here to see if SPY gets a rejection and continues trading within the range.

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