Daily Market Commentary: 200-day MAs Offer Frustration But Technicals Net Positive
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There was little more to expect after three days of gains that the week would start slow after the long weekend. For the likes of the Russell 2000, Dow and Nasdaq 100 it was the 200-day MA which proved to be the step-to-far for bulls.
For the Russell 2000 there is the risk of a bull trap following Friday's edge above resistance although technicals are net positive.
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