Ten and twenty doesn’t hold — ($SPX)
Needless to say, today’s slamdown was loooooong overdue; the question now is whether the failure to hold either the ten or twenty day moving average portends the end of the Feb.-March-April part of the rally, or just gives the buy-the-dippers a better dip to buy into.
Looks like February 13th was the last day we closed under the 20-day SMA until today; that was quite a run!
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