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SPX has crossed 200 DMA for the fourth time

S&P 500 Index (FX:SPX500)  
tradingswift  
FX:SPX500   S&P 500 Index
Technical Indicators S&P 500 (SPX500) SPX (S&P 500 Index) US SPX 500 spx500forecast spx500analysis spxanalysis spxsignals spx500idea SPDR S&P 500 ETF (SPY)
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indicator spx500 spx spx500usd spx500forecast spx500analysis spxanalysis spxsignals spx500idea spy
S&P500 has crossed above the 200 DMA for the fourth time.

It is a critical rejection zone that will decide the fate of bulls vs bears.

It would be better to wait for price to move above 4 % of 200 DMA before taking a bullish view due to the past rejections at 3.35% and 2.62% approximately.

I would consider 4,132 level to be safe for long trades and would stay bearish below this level.
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