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  1. Hitting Resistance

    Since testing and bouncing off an important line of support the previous week, the S&P 500 is fast approaching a declining line of resistance.

    C-S-I funds-spx-jpg

    We can see that price pulled back a bit on Friday, just shy of testing that line of resistance. Since peaking at the beginning of March, price has stair-stepped lower as we enter April. Overall though, price is not all that far from its peak and the longer term remains bullish as price remains above ...
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