US 500 Index Rebounds On 100-SMA, Remains Under Pressure

<p>The US 500 cash index remains under pressure as its price continues to drift lower from the 15-week high of 3,233. The short-term technical indicators in the daily chart are bearish and point to more weakness in the market. The flat 200-period simple moving average (SMA is currently capping positive movements as the 50-day SMA is ready to create a bullish cross […]</p>
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