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S&P index threatens to close below the 200 day MA

The S&P index is threatening to close below the 200 day moving average for the first time since January 19. The 200 day moving average comes in at 3940.28. Last Friday, the price tested that moving average and found willing buyers. Today as we head into the close, the price is moving toward it and threatens to break it.

If broken it would be a negative from a technical perspective. However there are other technical levels in play that, soon thereafter then could also install the fall: Read More

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Posted: Mar 1 2023, 19:44

Author Name: forexlive

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