The US 500 index has reversed back down after finding resistance at the 3,550 level. This top is just below the all-time high of 3,588.24 that was reached on September 1. The momentum indicators are pointing to a neutral to negative bias in the short term with the RSI just above 50 and the MACD oscillator falling beneath its trigger line in the positive territory. Further losses should see the 40-day simple moving average (SMA) at 3,408 acting as major support around [..]
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