The US 500 index has advanced considerably – as it found a strong support at the 50-day simple moving average (SMA) – and is heading towards the all-time high of 3,337.64. Looking at momentum indicators, the RSI is sloping up slightly above its neutral threshold of 50, suggesting that the market could keep rising in the near term. The rising MACD also supports this view, currently in the positive territory attempting to embrace its red signal line. A further move to the [..]
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