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S&P 500 eases back from earlier highs, levels to watch

The index is now testing important support at the 1450 area, well off earlier highs of the session. All sectors are in the green today, with Technology, Financials, Industrials, and Materials all leaders on the upside. Energy is a relative lagging sector along with Utilities. A breakdown below 1450 would be bearish for price, as would taking out support at the 1448 area. A move back to the highs of the session, and above 1460 at the close, would be bullish.