The S&P 500 got close to hitting its bull market closing high of 1,071.66 earlier today, but for now this level is acting as resistance. For those interested, below is a 15-day intraday minute-by-minute chart of the S&P 500. The index is a strong last hour away from a new closing high, and its about 1% below its intraday high of 1,080.15. With the two-week downtrend now broken and a reverse head and shoulders pattern working out nicely, the trade currently looks to favor the long side.
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