Can S&P 500 Finally Break 7,000 Barrier?
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The S&P 500 futures have been consolidating below the 7,000 resistance level for several days despite a strong jobs report. While the underlying trend remains bullish with the index holding above its 200-day moving average, momentum has stalled. Key support levels are between 6,900-6,935, with potential downside to 6,771-6,815 if broken. A clean break above 7,000 could open the door to new record highs around 7,122-7,223. Market direction depends on Friday's inflation data and upcoming retail ea...
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