Another Close Above the 200-DMA

Thanks to a strong rally today, the S&P 500 closed above its 200-day moving average.

On Thursday, we closed below the 200-DMA but rallied above it on Friday. We repeated that this week, closing below the 200-DMA yesterday and above today.

We still haven’t had back-to-back closes below the 200-DMA in more than two years.

Posted by on October 16th, 2018 at 4:09 pm


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