Major World Market Index Poised for Breakout or Failure?

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The World Market Index will need to recapture the 200-day moving average, as well as the 1900 level, as shown on the following Daily chart. Since it’s still under the bearish influences of a moving average Death Cross formation, it’s still vulnerable to a retest of the 50-day moving average, or lower, should we see major world markets plunge…a drop and hold below the 50 level on the RSI could point price in that direction.

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