The US 500 index is trying to recover ground as it opened with a negative gap today. The price is climbing above the rising trend line, continuing the bullish outlook. The RSI is standing below the neutral threshold of 50 and pointing higher, detecting accelerating positive momentum. However, the moving averages completed a “death cross” on the daily chart – the 50-SMA crossed the 200-SMA to the downside. Further upside pressures could drive the price towards the next resistance of the 61.8% [..]
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