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The S&P 500 is currently holding at its upward sloping 200-day moving average, summer lows, and a major trendline.
Ryan Detrick, Chief Market Strategist at Carson Group, drew attention to these technical support levels in a recent comment.
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Detrick previously highlighted that the S&P 500 recorded only one new low for a second straight day, following 21 new highs the day before, according to his comments in a recent report. He also stated that the index has climbed about 18% since March 30, 2026, consistent with post-midterm year trends in another market update. These observations come as the S&P 500 tests key technical levels this week.