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Barchart Insights

Waiting to Buy Stocks on a Dip? Here’s the S&P 500 Chart Level to Watch

The S&P 500 Index ($SPX) is near its all-time highs, but that doesn’t mean traders should be blindly buying at these levels. Instead, John Rowland, CMT, suggests keeping an eye out for a potential pullback to support — and in last Friday’s Market on Close livestream, he explained why a recent S&P gap zone is the area he’s watching for a short-term correction.

Why Gaps Matter

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