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TRADEPRO ACADEMY INSIGHTS

S&P 500 Stalls at Resistance

Broad market index S&P500 is bouncing off a strong resistance level.

Pennant formation suggests a break out is coming in the near future.  The 1,850 level is a key trigger.

Closes above this level on strong volume is a bullish indicator.

Closes below 1850 on strong volume is a bearish indicator.

Stay tuned.

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