This is 10 day $SPX chart on 5 minute timeframe. The green line is 5 DMA.Today S&P broke both the lower trend line and the 5DMA before reversing course and finishing higher. Since trend lines are more of a guide than a rule written in stone, I would still consider the current trend intact. Notice that the 5DMA did flatten out. What remains to be seen is whether S&P can hold above both the trend line and the 5DMA.
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