It’s been 16-months since the S&P 500 touched the 200-day moving average but it briefly fell below that level at 5730 in a dip to 5721. Eyes will be on whether it closes above or below it.
A similarly-long streak above the 200-day took place from mid-2020 to early 2022. In that episode, the S&P 500 flirted with the level for months before ultimately breaking lower as the Fed began to signal rate hikes.
This article was written by Adam Button at www.forexlive.com.
Affiliate Disclosure: This site may contain affiliate links to products and services. We may receive a commission for purchases made through these links at no extra cost to you. As an Amazon Associate, we earn from qualifying purchases. Your support helps keep this site running.
For information on how we handle user data and your consumer privacy rights, please refer to our Privacy Policy. This site is operated in compliance with applicable U.S. and California consumer protection laws.
