The US 500 stock index (cash) managed to crawl above its 100-day simple moving average (SMA) last week and rise as high as 4,170, adding more credence to the short-term bullish trend. Although the price is marginally below the previous high, a successful break of which is needed to violate the medium-term downtrend, the momentum indicators […]
The post US 500 Index Defends Bullish Direction; Bias Cautiously Positive appeared first on Action Forex.
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