S&P 500 Closes under the 400 Day SMA for the first time in over 3 Years

bearfall
spy500day20150821

Share

S&P 500 Plunges… Finally..

cash
aaahhh

spy400day20150821


See that Red Line? That is not the 100 day moving average, it is not the 200 day.. It is not even the 300 day. That is the 400 day moving average on the SPY ETF. The problem with the market grinding sideways for all of 2015 is these key indicators started to catch up so it really did not take much for the price to slip below, which raises a quandary for chart technicians, is this time different? If the past few years are any indication, a face ripping rally over the next couple days would not surprise anyone.

Share

History Will Repeat Itself.. Eventually

The underlying trends in the S&P 500 are flashing warning signs as more and more stocks in the index are dropping below key moving averages, while the index still hovers near all time highs it is being propped up by fewer and fewer components.
sp500-vs-sp500-stocks-above-200d-sma-params-3y-x-x-5ma

Share