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Continuing our recent series of posts on stocks and spread betting stocks, in particular the S&P 500, we eventually got the breakout that we had been looking for. As we had indicated may be the case yesterday, due to both the long term trend and the steady progression higher over the past few sessions from support, the S&P 500 broke out of the range to the upside, with the S&P 500 clearing resistance at 1101.5 and closing at 1109.2 on the September contract.
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