S&P down -46 points at 2834. 100 day MA at 2822.85
The S&P is now down -46 points at 2834 and in the process is moving close to its key 100 day MA. That MA comes in at 2822.85.
The price in the S&P has cracked the 100 day MA this year – the last time in early July. IN fact the 200 day MA (currently at 2765.77 – green line). However, the dips below have been limited.
Meanwhile, the Nasdaq is also pushing closer to a key MA. The 200 day MA is at 7499 (call it 7500). The low today reached 7552.28 (we are currently at 7577, down -160 points). The Nasdaq has not traded below the 200 day MA since July 2016.