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This market can’t go sideways for long, so get ready for a breakout or breakdown

“Since its December selloff, the market has made a remarkable but questionable (more on that later) rebound to its 200-day moving average” writes Michael Sincere for marketwatch.com. In other words, first see how the market reacts as the S&P 500 straddles the 200-day moving average.One thing is for sure: The market cannot go sideways for long, so prepare for a breakout or breakdown in the near future.
 
Source: marketwatch.com



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