The S&P 500 is showing signs of emerging from its recent period of stagnation, with most options market signals indicating that a strong rally could be imminent. After reaching new all-time highs in August, the S&P 500 has been trapped in a narrow range between 7,640 and 7,700. On Thursday, the index climbed 0.5% to close above the top of that range, buoyed by Nvidia’s positive earnings results that appear to have provided the momentum needed to break through this resistance.
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