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S&P 500 Registers Highest Breakout Pressure of 2022 as Rate Hikes Feed Recession Fears


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The S&P 500 managed to turn a troubling bearish gap on Tuesday’s open into a respective 1.0 percent rally, but it all remains in the narrowest 7-day trading range of 2022. Breakout pressure continues to build, the market grows even more complacent and fundamental themes are crashing into each other.

 

 

DailyFX and IG.jpg

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