Resistance is Futile

Stocks are pushing up against resistance from the 200 day MA.

Stocks printed their lowest point on day 37 to place them in their timing band for a daily cycle low. Stocks formed a swing low and closed above the 10 day MA to signal a new daily cycle. The economy is opening back up, stocks are in a daily uptrend, and the Fed is flooding the market with an unprecedented amount of liquidity. Therefore I believe that the resistance from the 200 day MA is futile.

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