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July Ends Mixed on AI-Chip Selloff
The technical condition of the market remained mixed throughout the month. Momentum, as measured by the 14-day RSI, was back to neutral while MACD, a short-term trend gauge, remained in bearish territory but was closing in on a bullish crossover for the S&P 500. The different indexes also bounced around key Moving Average (MA) support/resistance levels during the month with mixed results...
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