$SPX: 20DMA Test Imminent: The gray squares mark previous occasions when price has tested that blue line. In the past, when the Bollinger Band has been breached and/or oscillators have been overbought, price has invariably moved to the 20DMA. Both conditions are in today. Will this time be different like the green square? No, wait, that one also preceded a visit to the 20DMA.
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