Posted by King World News
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“Monday marked the 10th time during this bull market that the S&P 500 fell from a recent high to below its 100-day moving average. All 10 times, stocks rebounded over the next 1-2 days. Seven of those times, it marked the low for months. When the market’s rebound was meek, it led to some further losses.
This is worth paying attention to as a potential change in character, and a less inviting market environment for long positions on a longer time frame.”
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