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Late Rally Reveals Key Level to Watch for the S&P 500

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All S&P 500 sectors finished in the red as interest rate expectations begin to shift into the March FOMC policy announcement. This caused selling in more interest rate sensitive parts of the market and a shift toward consumer staples. However, a large SPY print of 1.65M shares revealed a key level to watch for the index. (SYF, ITB, IYR, XLRE, MPW, ARKK, GOLD, OXY)

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