The S&P 500 has today broken above the 879 resistance level that has been holding it back over the last couple of weeks. After being down 26% year to date in early March, the S&P 500 has made a strong comeback and is now down just 1.91% year to date. Since the March 9th low, the index is now up 33%. The next level of resistance is between 903 and 908, which is the 2008 closing level and a place where two peaks occurred late last year.
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