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S&P index down 0.83%. Trades between MA lines

Discussion in 'Technical Analysis' started by ForexLive, Sep 26, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Below the 50 day MA/Above the 100 day MA Last week, the S&P Index moved above the 50 day MA at the 2168 area on the back of no action by the Fed, and thoughts that perhaps the Fed might not get a single ease in before year end. That sentiment came despite 3 dissenting voters who preferred an immediate Fed hike.

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