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SP500 on track to 4180 but not extended

CME_MINI:ES1!   S&P 500 E-mini Futures
The S&P500 remains on track to approach the 4180 region. However, as price has retraced before reaching the target, the possibility of price being overextended that we mentioned last week is now eliminated. A breakout confirmation of the 4180 resistance region can push price towards the upside.

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