By Lawrence G. McMillan
The S&P 500 Index is trying to reverse its downtrend, and appears that it has at least partially done so.
The downtrending 20-day moving average of SPX SPX +0.73% is at about 1297, and the highs of last week were at 1298. So a close above that level would change the SPX chart from bearish to neutral. A close above 1310 would turn it bullish.
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