Market Rises for 7th Day Out of 11
On Thursday, the market gapped up, but closed below their opening prices. However, the market ended the day by closing up mildly. The S&P 10-SMA closed 4 points above its 50-EMA, a positive development, and RSI-20 closed at 49, close to breaking above 50 into the strong zone. The S&P is nearing a resistance line which, if broken, could signal breakout conditions