SPX Rebalancing Boosts Bullish Push Into Close, "Golden Cross" in Index
Schwab Network · Schwab Network
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Show Notes
The SPX experienced a rebalancing on Monday heading into third quarter, which boosted volume and offered bulls room to run. Kevin Green points out a "golden cross" involving the 50-day SMA adding to momentum. However, gaps on the SPX daily chart suggest a re-test of downside levels. Kevin also explains the role volume played in Monday's price action.
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