S&P 500 Breaks Above a Counter-trend Trendline

Trendline support: S&P500 is showing some bullish development after consolidating and falling from the September high near 1475 to the November low near 1342. This bearish run break the previous bullish momentum as the daily RSI reading fell below 40 and tagged 30. However, price respected a rising…

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S&P 500 Breaks Above a Counter-trend Trendline

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