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March 26 S&P 500 Update – Red Daily Candles Above the Light Blue Trading Range

The S&P has remained above the light blue trading range, but there has been more selling taking place here with three red daily candles so far. Today’s daily candle is also red so far, but the day has just started. $SPY had a bullish breakout above the light blue trading range, and bulls have done a great job keeping the price above $520. I think the price will drop below $517 within the next week or so.

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