S&P 500 and Nasdaq Testing 50-Days... Again

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Includes: IVV, ONEQ, QQQ, RSP, SPY
by: Bespoke Investment Group

After an uninterrupted five straight days of gains, both the S&P 500 and Nasdaq are now approaching their 50-day moving averages. Since the 'flash crash' in early May, the current attempt will mark the third time that both indices have tried to overtake their 50-days. Will the third time be the charm, or will the S&P 500 and Nasdaq strike out?

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