5 SMA is a close approximation of 240 EMA, Linda Raschke notes

5 SMA is a close approximation of 240 EMA, Linda Raschke notes
5 SMA and 240 EMA offer similar signals

Linda Raschke, founder at LBR Asset Management, compares the 5 simple moving average (SMA) to the 240 exponential moving average (EMA), noting that neither holds statistical significance.

She adds that the SP 5 SMA on the daily chart remains distant from current price levels.

Raschke recently noted that Bunds are showing stronger relative strength than Bonds and Tens, with a key decision point resistance in focus in a prior update. She also monitored the SP and Naz missing the Pit session EMA and tracked potential moves toward that level in recent market commentary. These observations add to her ongoing technical analysis of major benchmarks.

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