S&P500, 200DMA and the 3000 level


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At the crossroads.  
There is one area generating a lot of attention right now and  that is the Daily 200 moving average on the S&P500.  In the last two major recessions of 2000 and 2008 the 200 daily moving average acted as a ‘barrier’ to any attempt at a bullish recovery. It is the place that