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Weekly Market Recap: How Much Higher Is This Market Rally Likely To Run?

Wealthion - Be Financially Resilient

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The Slope of the Moving Averages

The 50 day is still pulling ahead of the two, it's above the 200 day moving average and still pulling ahead here. So we shouldn't have too many worries in the near term until we start seeing that gap start to close a little bit. And also too importantly, the slope of the moving averages are very important. When you take a look at a moving average, is it sloping up or down? And so right now, we have now turned that slope of both the 50 and a 200 day moving averages, they were sloping negatively last year. That suggests that we are now in a bullish trend of rising prices. And that's why we want to participate in the market.

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