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Actionable news in XIV: VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN,

The big S&P prediction that 'no one believes'

The market's massive comeback from February's lows is far from over, according to one technician.

"We're seeing the S&P 500 retesting the downtrend resistance line off of those May highs of last year," Craig Johnson of Piper Jaffray said Wednesday on CNBC's "Power Lunch."

According to Johnson's work, the S&P 500's move above its 200-day moving average, combined with weak volume overall, sets the index...


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