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The S&P 500 has been somewhat rangebound over the last six months, and closed below key momentum levels last week. On March 30th, the index closed more than -9% down from its highs - just outside of correction territory (defined as a drop of -10% or more). In addition, it also fell below the 200-day moving average mid-March. S&P 500 w/ 50 & 200 Day Moving Averages S&P 500 Momentum Summary Our models look at momentum over both daily and monthly timeframes. On the daily side,