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The S&P 500 has been in the doldrums of late. But technical analyst Chris Kimble offers an optimistic observation on long-term support for this core index.
Chris comments:
For investors looking for long-term buy and sell signals, key support dating all the way back to 1987 remains in place. High yield funds continue to reflect positive price action, which, if history is any guide, would be in agreement with the long-term support line.
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