S&P 500 Trendline

Friday's rally pushed the S&P 500 above the top of its downtrend line. With futures forecasting lower prices at the open, how the index trades along this trendline in the morning hours could be a key tell for the markets going forward. It gives us no comfort that even after the biggest one-week rally for the market in 75 years, the S&P 500 is still trading lower than it was just 11 trading days ago.

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