This morning prior to the open, we noted that the S&P needed to gain roughly 50 basis points today to eclipse key resistance in the 2,815-2,820 range.  As of early afternoon trading, the bulls have indeed pushed the index above this resistance level.  But with the S&P trending slightly lower so far in afternoon trading, it’s going to come down to the wire.  With 90 minutes left in the trading day, the S&P is currently trading at 2,824 — up 55 basis points.  Today is certainly a day where investors would like to see last hour strength!

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