The S&P 500 Nears Its 200-DMA

The S&P 500 reached its all-time intra-day peak of 2,093.55 on December 29.

A 5% drop would take the index to 1988.87. The S&P 500 has reached three recent intra-day lows: on January 14, then on January 16 and again yesterday. Those lows were, in order, 1,988.44, 1,988.12 and 1,989.18. Eerily close. Still, the S&P 500 has not yet closed at a 5% loss, but it’s gotten close.

The S&P 500 is also getting close to its 200-day moving average. Going by yesterday’s close, the 200-DMA is now 1,973.85.


Posted by on January 30th, 2015 at 9:17 am

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