The S&P 500 and Its 800 Pound Gorilla
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From a multi-year perspective, heavy resistance remains in place around 3% above yesterday's closing price.
At the same time the S&P 500 index is nearing this resistance, a few sentiment indicators are getting a little long in the tooth, one of them being the Citigroup Economic Surprise Index (second chart below).
(c) Kimble Charting Solutions