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Key Trendline To Watch: S&P 500 Breakdown Trigger

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

The S&P 500 is higher today, trading at 2,005. The high of the day was 2,011. Many are wondering if the market is set to break down tomorrow on the jobs report, while others are wondering if we are destined to go much higher. This trend line will tell you when this market is in break down mode. As long as we stay above it, look for the markets to continue to grind higher.

Gareth Soloway