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MPI Momentum Bullish Signal
The MPI Momentum is composed of the 90-day and one-year moving averages of the MPI, and it can generate leading signals regarding the future state of the market. As observed in previous cycles, a cross-up of the 90-day moving average has been a signal indicating the potential for an upward trend in the future. As seen in the chart, the MPI Momentum has recently created a cross-up on the chart, which could suggest the likelihood of the continuation of an upward trend in the future.