SPX - Recovery of the 50DMA
$.SPX(.SPX)$ - Recovery of the 50DMA:
All good until $Alphabet(GOOG)$ $Alphabet(GOOGL)$ Earnings Report. As long as the purple line continues as support, there are chances for green continuation. Interestingly price action stopped at $6041, a level to recover to consider the bounce reliable.
Yesterday in the publication I noted that the first support level could be used for risk management for longs. but in case that you missed it, price action found rejection right at the central level. Suspicious.
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