FX & CFD trading involves significant risk
Stocks have worked their way out of their recent trading range. The effort has enabled the S&P 500 to make an incremental push past the 1200 line, which was a point of resistance this morning.
So far, though, stocks haven't backed down from the psychologically significant line. That said, many market watchers want to see the stock market confirm the move not just by climbing above the 1200 line, but by actually closing above it. Such a feat could go toward helping the stock market build a base to begin a longer-term climb after suffering such harsh losses during the past couple of weeks.
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