The S&P 500 Loses Its 50-DMA

For the first time since November 8th (Election Day), the S&P 500 has closed below its 50-day moving average. We traded above the 50-DMA for more than five straight months. This is one of the longest such streaks in recent years.

Today’s close of 2,344.93 is the lowest since the closing low from March 27 of 2,341.59. Interestingly, today’s intra-day low dipped to 2,341.18, a hair below that key mark.

Posted by on April 12th, 2017 at 5:04 pm


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