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While the world often keeps its eye on the S&P 500, the Wilshire 5000 is a much broader index, reflecting a story of how large and small cap stocks are doing. The Wilshire 5000 faced two resistance lines recently, created off several key highs and lows over the past 13 years.
The Wilshire 5000 over the past two weeks broke above the dual resistance in the chart above at (1). This price action remains bullish above the 16,500 support level.