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Monday
Nov292010

S&P 500 Testing 50-DMA

DateMonday, November 29, 2010 at 02:10PM

The S&P 500 has gone back and forth for the past 9 trading days, but today is the first day that the index has broken below its 50-day moving average on an intraday basis.  A close below the 50-day would be seen as a negative for market technicians, and it would be the first close below since September 1st.

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