The stock market indices had probably the best week in years, ending with a bang for the week with five consecutive sharp, up days in a row. The week saw the S&P 500 move from 1263 to 1340 and the Nasdaq 100 surge sharply higher as well with an even bigger gain today.
The S&P 500 ($SPX.X) is at key resistance of the downtrend line and the 50-day MA. Over the next two trading sessions more short setups are likely to begin to develop.
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