Breaking the S&P's medium term trend

  • Troy Bombardia

    Troy Bombardia

    Published: 2020-09-19 at 01:55:28 CDT

The S&P 500 has finally closed below its 50 dma, its medium term trend. A rather common belief is that a breakdown below the 50 dma leads to a follow-through on the downside, although empirical evidence proves that this belief is little better than a 50-50 coin toss.However, there is somewhat of ...

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