The US 500 stock index (cash) has been in a sustained uptrend after finding its feet at the 1½ -year low of 3,635. However, the price has exhibited a downside correction since it failed to cross above the 200-day simple moving average (SMA) and is currently hovering around the May peak levels. The momentum indicators are endorsing the […]
The post US 500 Retreats after Hitting 200-Day SMA appeared first on Action Forex.
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