S&P 500 Support Levels

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 |  Includes: IVV, SPY
by: Bespoke Investment Group

With major equity indices pulling back again this morning, we wanted to highlight some of the key levels of support for the index. With regards to its 50-day moving average (DMA) of 1,010, the S&P 500 is still over 4% above that level. Looking at the 20-DMA, the S&P 500 would have another 1% to go before reaching that level (1,040). Coincidentally, the 20-DMA aso coincides with the highs from late August, so that is a level to watch in the short-term.

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