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Momentum Monday – Back Near All-Time Highs. Now What?

By Ivaylo IvanhoffStock MarketsJun 24, 2019 12:14AM ET
www.investing.com/analysis/momentum-monday--back-near-alltime-highs-now-what-200433968
Momentum Monday – Back Near All-Time Highs. Now What?
By Ivaylo Ivanhoff   |  Jun 24, 2019 12:14AM ET
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The S&P 500 is back to the 290-300 level that has been acting as resistance several times in the past couple of years. What can be the catalyst that can push it above 300?

Already low-interest rates coupled with relaxed Fed can be a recipe for appreciation in multiple assets – stocks, gold, crypto, bonds are all breaking out and trading near multi-year highs while the U.S. Dollar is starting to crack.

We continue to see mostly constructive price action in various sectors and market capitalizations. Even mega-caps that had significant pullbacks earlier this year like FB and BA are setting up above their 50-day moving averages.

We also covered the current price setups in AVLR, CMG, AAXN and more.

Momentum Monday – Back Near All-Time Highs. Now What?
 
Momentum Monday – Back Near All-Time Highs. Now What?

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