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Trend Line Won't Let S&P Break Out, Keeps Stock Chart In Check $SPY

|Includes: SPDR S&P 500 Trust ETF (SPY)

I wrote about this trend line two days ago when the markets hit it, then pulled back. Today once again we see the market hitting it, but unable to break above. As long as the markets stay below it, history shows us there can be minor pull backs in the market. Anytime a minor pull back starts, there is a possibility for a larger pull back. Check it out below in the stock chart.

S&P 500 rallies higher into a key resistance trend line on the stock chart