S&P Trying To Breakout

We've been range bound since Monday, stuck between the gap-up lows and the highs from that very same day. Since then, price has been contained within these barriers. But heading into afternoon trading, we are finally seeing some signs of life from this market, recovering off of sessions lows, when it looked like the bulls might be taken out to the woodshed, and now we may have fresh rally highs. 

Here's the S&P Chart.

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