$S&P 500(.SPX)$ S&P 500’s resilience at the 200-day moving average last week, a widely-monitored technical indicator of an index’s momentum against its current price. The bounce off the line suggests it may now act as a support for the benchmark. The index is likely to move higher if Treasury yields and the dollar continue to decline.
Equity markets survived a crucial test of support last week that suggests this bear market rally is not ready to end just yet and may continue
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