Mid-week market update: It's remarkable how resilient the stock market has been in light of the challenges it's facing. The S&P 500 ended an upper Bollinger Band ride last week and it's been consolidating sideways. The newsflow has been mostly negative, and stock prices have been given lots of opportunity to retreat but the index remains in a narrow trading range, all while the percentage of S&P 500 above their 20 dma has retreated from overbought levels to neutral.
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