TECHNICAL ANALYSIS

S&P Index approaches 100-day moving average


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.

S&P Index

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.

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