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S&P index back above 200 day MA

The major stock indices or training to new session highs. Looking at the broader S&P 500 index, it is back above its 200-day moving average of 4235.30. Recall from Friday, the price closed below that moving average for the 1st time since March (bearish). In trading today, the selling continued at the open with the price approaching the 38.2% retracement of the move up from the October 13, 2022 low. That retracement level came in at 4180.95. The low price today reached within 9 points of that lev... Read More

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Posted: Oct 23 2023, 16:55

Author Name: forexlive

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