The S&P 500 Bumped Up Against This Key Level and Then...
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"The 5,450 zone contains a confluence of resistance, which makes it a likely spot for the SPX to pause after rallying more than 6% from last Monday’s low," Frank Cappelleri, founder of technical analysis firm CappThesis, told _Barron's_. "The key now will be seeing how the market can take a punch for the first time in a week and a half," he said.