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S&P index was back toward its 200 day moving average

The S&P index has moved back down toward its broken 200 day moving average. The moving average comes in a 4033.3. The low price reached 4038.96.

Of concern from a technical perspective is at the high price today at 4100.96 was able to extend above the high price from December 1 which reached 4100.51. However the small break could not sustain momentum, and the price has since rotated back to the downside.

Traders will be watching the 200 day moving average for support. Move below a... Read More

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Content Topics

Index

Back

Toward

Moving

Average

Forex

Posted: Dec 13 2022, 16:06

Author Name: forexlive

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