hh: true..infact, there were several instance last year where it moved quite abit away from the 10 ema. but since may it's been pretty much range bound..and as of today, that range is still intact, barely. a break out of that range, could lead to further move up, and consequently should take the market lower. also note, it has closed above it's 50ema as well... But as of right now, the trend is still in tact it seems, on a closing basis, and this is the level from which it has reversed 4 times before...so something to watch closely for sure...
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