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S&P 500 Bounces Again Off the 50 DMA

beebee
edited July 22 in Fund Discussions
VFINX
Once again, the 50-DMA is acting like a trampoline.

Every time we’ve gotten close to the 50-DMA, the market has bounced. Every time.
Since the 50 DMA acts as lower resistnce, each low is higher than the last...I've heard this referred to as "making higher lows' which is a good thing.

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