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Strategies & Market Trends : News Links and Chart Links

SPXL 219.25

+2.0%

Nov 26 4:00 PM EST

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From: Les H	7/18/2023 12:45:36 PM
	of 29600

Stocks closed with gains on the day that traditionally marks the average peak to the summer rally timeframe that began in the last week of June. The S&P 500 Index closed higher by just less than four-tenths of one percent, charting a fresh 52-week high. The Relative Strength Index (RSI) has moved back into overbought territory following this mid-year gyration, threatening to exhaust buying demand in the short-term, particularly now that the strongest period of July has concluded. Momentum indicators continue to show characteristics of a bullish trend above their middle lines and moving averages continue to fan out in a bullish manner. equityclock.com

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