The S&P broke out of its seven-day base on Thursday, clearing two levels of resistance and setting the stage for what looks like it will be a run to new 52-week highs in the coming sessions. The Nasdaq was the strongest index, closing the day up 1.04%, while the Dow and S&P closed up around 0.7%. Ascending channels are considered bearish patterns in technical analysis when they break, but the…
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