Over the past 3 years, the only support level that has mattered for
the S&P500 was the 100 Day Moving Average: every single time the
S&P has approached, or breached, this trendline, the result has been
a bout of buying pushing it right above, and keeping it in the clearly
visible upward channel since 2012.
As BofA notes,
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As BofA notes,
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