We are sitting at critical levels here in the S&P 500 index. This area represents a major confluence of technical levels. We are re-testing the longer-term broken uptrend line from the 2008 lows as well as the upper resistance area in the downtrend channel from 2011 highs. Traders need to be alert that this has the potential to be a VERY ACTIONABLE area and one that needs to be heavily…
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