The chart of the Standard & Poor's 500 Index is telling me the market could move higher and happily so -- if oil prices will cooperate. That is a big if.
Fact is, the index is giving no signs of totally falling apart. It's nicely above its 50-day moving average, and it's moving in parallel with the moving average. Something that gives an investor a warm feeling inside.
And it is forming a support level at about 1,383. That means buying
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