Another Bounce off the 50-DMA

The S&P 500 is gaining more ground today. Once again, the 50-DMA is acting like a trampoline.

Every time we’ve gotten close to the 50-DMA, the market has bounced. Every time.

This morning, Coca-Cola (KO) reported very good earnings. The company beat estimates and raised its full-year forecast.

Posted by on July 21st, 2021 at 10:48 am


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