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Is this the break that stocks are looking for?
If you go by the chart, it looks like buyers are looking to make a play and that bodes well for overall market sentiment. The 200-day moving average (blue line) and the key trendline resistance (white line) from last year's downtrend have been major resistance levels that kept a lid on any upside movement but that might just be broken now.
That said, I'd be more convinced of a further upside break if the S&P 500 can... Read More
Posted: Jan 24 2023, 05:23
Author Name: forexlive
Views: 111615