S&P 500 Breaks Above 200-Day Moving Average

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Includes: IVV, SPY
by: Bespoke Investment Group

The S&P 500 has broken above its 200-day moving average this morning for the first time in 524 calendar days (359 trading days). Below is a price chart of the S&P 500 as well as a chart of its 200-day moving average spread. If the index can close above its 200-day today, technicians will treat this as a positive for the market going forward.

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