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http://bespokeinvest.typepad.com ... flection-point.html
Market Inflection Point
Down 2% at the midway point of the trading day, the S&P 500 is also trading right around its 50-day and 200-day moving averages. At the same time, the 50-day is set to cross above the 200-day soon, which is considered a positive technical formation. If the index ends up closing below both of these moving averages, it will be interesting to see whether the negatives of this breakdown will outweigh the positives of the 50/200-day moving average cross.
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