The psychological element of markets is always an interesting thing to study and dissect. While sitting rangebound for seemingly forever, we’ve heard two camps of thought as 4200 on the S&P remains close and yet so far away at the same time. That being, the longer we remain elevated from the October lows, the more bullish for the market. Alternately, the more we go without breaking through that level, the worse it is. With another type of ceiling hovering above the market’s head, it gave invest…
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