Yesterday I revisited a chart of the S&P 500 and the 50-day moving average. We saw our favorite index plunge beneath that benchmark indicator.
Yesterday I revisited a chart of the S&P 500 and the 50-day moving average. We saw our favorite index plunge beneath that benchmark indicator.
Today the S&P 500 advanced 2.25%, bringing it back above the 50-day MA. Encouraging? Yes. The one caveat is that the S&P 500 volume was 13% lower than yesterday's selloff. We'll post the occasional Stockcharts.com snapshot as this "encounter" plays out.
