Wednesday 30 November 2022

Back above the 10MA




The SPX saw a net November gain of +208pts (5.4%) to 4080. This was the first monthly settlement above the 10MA (4057) since March. Momentum ticked upward for a second month, but remains on the very low side. 

For confidence, the equity bulls need some sustained action >4100, whilst the bears have nothing to tout unless December/2022 settles back under 4K. 

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