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S&P 500 touching 200 day SMA - 68% chance of rally
iShares Core S&P 500 ETF
S&P 500 touching 200 day SMA - 68% chance of rally
By Dr_Roboto
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Jan 21, 2022
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Jan 21, 2022
Since 2004
25 --> declines touch the 200 day SMA
8 --> continued into a larger correction
17 --> rebounded to some level
8/25 = 32% chance of bearish
17/25 = 68% chance bullish
Looking at the trend since 2004, it may take a week or two at these levels before it chooses its direction.
If I had to guess, this could be a likely match to today's place in the market.
20, 50, 100, 200 day SMAs
Chart Patterns
DIA
DJI
NASDAQ 100 CFD
QQQ
SPX (S&P 500 Index)
SPDR S&P 500 ETF (SPY)
Trend Analysis
Dr_Roboto
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