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S&P Cleared Key Resistance But Upside To Be Limited By Overbought Conditions

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S&P cleared key resistance, breaking out above the important sentiment 3800 mark. Consecutive close above 3800 this week would confirm Thursday’s bullish signal, supporting upside follow-through in the days ahead. However, market is short-term overbought following recent advance. There could be a sell-off in the offing but it would be shallow if so

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