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VAS incl dividends (i.e. the ASX 300 incl div) is currently ...

VAS incl dividends (i.e. the ASX 300 incl div) is currently more than 3 standard deviations above its 50-day moving average. Any concerns?
Does anyone feel that we're at risk of some near-term weakness? $S&P/ASX 300(.XKO.AU)$ $BHP Group Ltd(BHP.AU)$ $Rio Tinto Ltd(RIO.AU)$
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