It’s been over four months since the DJIA pushed up through its 200-day moving average. Aside from a couple of wobbles at that time, it has yet to backtest this important technical level.
It got close yesterday, and would probably have accomplished it this morning if not for CRM‘s 16% surge.
Once it happens, the other indices will need to make some quick decisions. SPX and COMP are both loitering on the wrong side of the 200-day tracks.
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