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IPFS News Link • Economy - Economics USA

Did the Crisis of Our Lifetimes Begin Last Week?

• Zero Hedge

The stock market began its near-vertical climb in late 2012. Since that time, the 126-day moving average (DMA) and 280-DMA have served as major lines of support for the bull market.

The 126-DMA acted as initial support whenever the market began to lose momentum. And if the 126-DMA was taken out by intense selling pressure, the 280-DMA acted as CRITICAL support, as it did in October 2014.

Last week we sliced through both lined without any difficulty what-so-ever.


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