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The S&P 500 managed its highest close of 2016 at 2109, and the technicals on the price chart look to be supporting a move higher despite the recent disappointing US non-farm payrolls data and widespread investor skepticism. The S&P 500 has repeatedly found support around 2030 since mid-March, but had been struggling to break above 2100. However, this resistance level was breached last Thursday, and while there was a temporary dip after the non-farm payrolls data, the S&P 500 closed even higher on Monday. The market internals, such as the percentage of companies above the 200-day moving average, also seem to be lining up behind a move higher in the near-term.