Equities Around the World Are Approaching Critical Inflection Points
- Several major global indexes are approaching 50-day averages
- Resistance must be overcome to extend this year’s early rally
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Will the stock market’s relief rally continue, or is a return to the lows in store?
Global equity charts are littered with a host of hitherto impenetrable resistance levels, including many 50-day moving averages that have so far contained the rebound. But, if the resistance is breached, it could help pave the way for future gains.