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Below we highlight our trading range and 10-day advance/decline line charts of the S&P 500. As shown, the S&P 500 is resting nicely just above its 50-day moving average, while breadth levels (A/D line) sit in limbo just below the neutral line. Over the next few trading days, the market should pick up steam in either direction as investors decide which way to take this market in the short term.
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