The only reason the S&P 500 is holding the 200-day moving average at 2,776 is because the 200 dma keeps sinking. That, of course, is also pulling the 50 dma lower and once it comes down we’re only a month or two away from a “Death Cross” and then we would be looking at a very long, very hard climb back for the senior index….CLICK for complete article
Failure At 2,800 Spells Doom For The S&P 500!
Posted by Philip Davis
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