S&P 500 Rallying to a new highs erasing losses from the glut amid recession worries. I think recession risks are already in price. 4100 level proved to be a strong support level. All longs are justified. 100 MA level is a significant point of taking profits or adding to a position if the price goes higher through it.
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Remember i am not your financial advisor. You are at your own risk. This is not an investment advice.