US 500 Index Remains Above the 200-Weekly SMA after New 2-year Low

The US 500 cash index posted a negative spike towards a fresh almost two-year low of 3,490 on Thursday but failed to finish the week beneath the 200-weekly simple moving average (SMA) around 3,600.   According to the RSI, the market could maintain itself above the 3,630 support in the short-term as the RSI is positively sloped […]

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