US 500 Stock Index Holds in Upward Sloping Channel after Bounces off 39-Month Trough

<p>The US 500 cash index has been developing within an upward sloping channel, following the rebound on the 39-month trough, achieved on March 23. The price had a successful jump above the simple moving averages (SMAs) in the 4-hour chart, while the technical indicators are moving sideways, with the MACD crossing just below its trigger […]</p>
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