Business

S&P Index fell below its 50-day moving average at 4,544.67


The index is now down -0.92%

the S&P Index fell below its 50-day moving average of 4,544.67. The current price is trading at 4534.64. This is down 42.2 points or -0.92%.

The index traded below the 50-day moving average on Wednesday and Thursday, but rallied after approaching the current 100-day moving average of 4491.18 and finding lower buyers before this key moving average. The price fell below the 100-day moving average in September and again in October. A move below would be more bearish from a technical point of view.


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