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Is this the break that stocks are looking for?

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

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