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S&P trades between 100 and 200 day MA going into the CPI tomorrow

As the clock ticks to the close, the S&P index is trading near the high for the day. The index is up 40.71 points or 1.05% at 3960.17.

Looking at the daily chart, recall from last Friday, the price closed back above its 100 day MA for the first time since December 14. ON Monday and Tuesday, the price stayed above that MA line on the dips. Yesterday, the price bounced right off the MA near 3877 and closed higher (and at the high, up 27 points or 0.70%).

Today, that momentum has... Read More

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Posted: Jan 11 2023, 20:51

Author Name: forexlive

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