S&P 500 end of day analysis

• S&P 500 reversal from 1039 to the recent high seems to be happening in faster time scale. which is indicating the strength of the up move, It is also indicating the possibility of a new high in the near future for this index.
• Index has closed above 20 and 50 DMA convincingly. It is approaching the 200 DMA now. The next battle between the bulls and bears might take place around here. But seeing the strength of the current up move 200 DMA should be taken out easily.
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