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Will the S&P 500 break this key resistance area?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Last week, we took a look at the weekly chart of the S&P 500 and mentioned two very important support and resistance ranges: 1800-1830 on the downside and 1933-1950 on the upside. We said that while a breakout is a possibility, so too is range-bound price action within these large ranges and whatever the outcome, there should be plenty of trading opportunities to look forward to. Today, we are taking a closer look at the technicals on the smaller daily time frame and we can refine our

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