SP500 Probes Resistance

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Including “turn around” Tuesday, October 4th through today’s close the S&P 500 has posted gains in six of the last seven trading sessions for a cumulative gain of 9.8%. But, today’s gains were trimmed when the S&P 500 reached 1220. This level was last traded on September 20th and last breached, briefly, on the last day of August and the first day of September. There is formidable resistance in the S&P 500 1220-1230 range.  Read full post