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Add as a preferred source on GoogleS&P 500’s 20-Week Average at 7,583 Draws Focus Ahead of FOMC
Market commentator @TheFlowHorse framed the level as a test of the index’s uptrend before the committee’s Oct. 28 meeting.
The S&P 500’s 20-week average stood at 7,583 on Oct. 22. Holding above the level would be consistent with the index’s current uptrend, while a move below could signal a change in market sentiment.
Traders are also watching megacap technology stocks and bonds ahead of the Federal Open Market Committee meeting scheduled for Oct. 28.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.