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During Wednesday's trading session, the S&P 500 experienced a slight pullback, encountering resistance around the 4200 level.
Following the Memorial Day holiday in America, the S&P 500 experienced a positive trading session on Tuesday.
The S&P 500 had a rally in the futures markets during Monday's early hours, despite relatively thin trading.
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The S&P 500 experienced a modest rally during Friday's trading session, again challenging the tight range that has characterized recent market activity.
The NASDAQ 100 has found quite a bit of buying pressure on Thursday, as we are now looking at the 13,750 level as an area of potential importance.
The S&P 500 exhibited a modest pullback during Tuesday's trading session, close to the key psychological level of 4200.
The NASDAQ 100 has once again demonstrated its resilience as it continues to rally, buoyed by the influence of the 13,750 level.
The S&P 500 experienced a slight retreat during Monday's trading session, displaying signs of exhaustion following a positive upward trend.
The NASDAQ 100 initially tried to rally during the trading session on Friday but gave back gains as we may have gotten slightly extended.
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The S&P 500 faced resistance near the 4200 level on Thursday, hindering its attempts to rally further.
Over the last couple of days, I have been talking about the 13,750 level as a potential target for the NASDAQ 100, and we have in fact touched that area.
The S&P 500 has demonstrated a period of quiet consolidation in recent sessions, with Wednesday's trading session following a similar pattern observed over the past week.
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Sign up to get the latest market updates and free signals directly to your inbox.The NASDAQ 100 rallied a bit during the session again on Wednesday, but it is probably worth noting that it looks like we are starting to show signs of hesitation.
The S&P 500 has maintained a relatively quiet trading range over the past 10 days. However, the market is experiencing a sense of hesitation as investors await a resolution on the United States Congress' debt ceiling issue.
The current trading session witnessed initial signs of a rally in the S&P 500, reflecting the prevalent global volatility.