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Commentary Topic from greenfaucet

Remember the 200-Day?

It's time to revisit the 200 day moving average, which has fallen back into obscurity after a brief moment of fame in early June.

Something noteworthy is underway: After 393 sessions of declines, it's starting to turn back up again. The 200 day officially broke the losing streak on July 28, only to dip slightly before climbing again this week. The good news is that the early October selloff was now about 200 days ago. Going forward, most of the preceding data points will be lower than the index's latest prints, keeping the average in ascent.