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Thursday
Sep022010

Will It Close Above the 50-Day?

DateThursday, September 2, 2010 at 03:15PM

Yesterday we posted that the S&P 500 closed just below resistance at its 50-day moving average.  Heading into the last half hour of trading, the index is now about 5 points above the 50-day.  A close above this level will be a welcome sign for those hoping for the rally to continue.

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