S&P 500 인덱스

SPX has crossed 200 DMA for the fourth time

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S&P500 has crossed above the 200 DMA for the fourth time.

It is a critical rejection zone that will decide the fate of bulls vs bears.

It would be better to wait for price to move above 4 % of 200 DMA before taking a bullish view due to the past rejections at 3.35% and 2.62% approximately.

I would consider 4,132 level to be safe for long trades and would stay bearish below this level.

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