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January 11, 2024

Is the S&P 500 About to Break Out?

Hey, it’s Ross Givens here with the Chart of the Day. Navigating the recent chart of the S&P 500, the past month has seen it firmly range-bound between distinct support and resistance, marked by two white horizontal lines. Notably, this resistance aligns precisely with its all-time high from two years ago. Anticipating the potential catalyst, I’ve previously highlighted that cooler-than-expected inflation data could be the key to breaking this range. In today’s Insight of the Day, I delve into the strategic considerations around this pivotal chart pattern and explore the implications for the S&P 500’s trajectory.

January 11, 2024 No Comments

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