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A resistance line that ties in the highs of 1987 and the lows of 2003 impacted the S&P 500 last May. Now this line is coming into play again at (1) above. When it comes to portfolio allocations, sometimes it pays to harvest some risk assets at long-term resistance lines.  Will it be any different this time around?

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past