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S&P 500 clings to 200-Day SMA as support zone comes into focus (SP500:)

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J Studios

The S&P 500 is trading at 7,353.82, up 7.4% for the year, and it remains above its 200-day simple moving average at 7,322. The cushion is thin, about 0.4%, but the long-term trend is still intact. The index is also trading well below its shorter-term averages, so the

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