Is This the New Trading Range?

The S&P 500 may have entered a new trading range. The index seems locked in the upside by its 50-day moving average, and on its lowside by its 200-DMA.

We tested the low-end once but that didn’t last long. Something will have to give because the 50- and 200-DMAs are quickly coming together.

Posted by on June 13th, 2012 at 12:06 pm


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