Since finding resistance at $15 last month, Snap has continued to consolidate within a potential bullish flag formation. And, given the strength of the underlying trend, and the fact that forward returns tend to favour the S&P500 once it closes at new highs, we expect this to break higher in due course.
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US Indices Closed At New Highs: Do We Hold Or Fold?
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April 24, 2024 03:30 PM