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The S&P 500 appears poised to extend its rally following a strong performance in the first half of this week. Wednesday’s gains, spurred by slightly cooler inflation data suggesting a potential rate cut in July from the Federal Reserve, have energized the market. The technical S&P 500 analysis is also looking a lot healthier after the big recovery, but traders will now be eyeing upcoming data releases and earnings reports to gauge whether the index can sustain this upward momentum.
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