The last test in September bounced off the level of the moving average
Know. The S&P Index is approaching its 100-day moving average at 3,306.51. Recall that on September 25, the index fell to a low price of 3,209.45. The 100 day moving averages at 3,205.75 on that day. Fairly close and the price rebounded higher.
Today’s low is trading at new session lows at 3312 .. With the 100 day moving average at 3306.49, the price is around 6 points from this key moving average level. The last time the price traded below the 100-day moving average was May 22.