The US 100 stock index (cash) enjoyed a very powerful rebound in recent weeks, posting higher highs and higher lows above an upside support line drawn from the March lows, and is now approaching its all-time high of 9,751. Adding credence to the improving technical picture, the 50-day simple moving average (SMA) just crossed back above the 200-day one, forming a so-called ‘golden cross’. Short term oscillators are on board with a mostly positive outlook. The RSI – already above [..]
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