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Should we expect a breakout or a rebound on SP500?

SP500 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If SP500 continues in its current trajectory, we could see it reach 4952.4120 within the next 3 days.

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