US 100 Index Retreats after Penetrating Downtrend Line

The US 100 cash index reached overbought levels according to the RSI and reversed lower after the price finally jumped above the long-term downtrend line and the 200-day simple moving average (SMA), creating a four-month high at 12,250. While the aforementioned technical oscillator continues to slow down, mirroring the market’s bearish behavior over the past two days, the indicator is still […]

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