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TheSessionMaker

Short Term Upside Likely Capped

S&P 500 Stocks Above 50-Day Average (INDEX:S5FI)  
TheSessionMaker  
INDEX:S5FI   S&P 500 Stocks Above 50-Day Average
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The daily view of stock's above their 50 DMA is in a converging range, and likely on it's way to creating a triangle pattern. Recent action suggests upside is limited, though a breakout confirmed with strength would signal higher highs in the indexes. Something to keep an eye on.
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