A simple moving average

Sometimes keeping things simple can tell you the story that you need to know.  Where are the markets heading right now?  The truth is no one really knows regardless of whatever fancy analysis, technical or otherwise, might say.  The question should be more one of probability and a best guestimate.

So, here's a few charts with a simple daily moving average of 20 and 50.  All look like they are turning upwards, but there is still enough of a gap between the MA's to suggest the downward move could continue.  The next week or so will determine whether this new short term upward trend is firmly in place or not.

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