FYI: If the S&P 500 closes below ~2,333 today, it will be the first time in 93 trading days that the index closed below its 50-day moving average. Given that price above or below the 50-DMA is seen as a line of demarcation for whether an index is in a short-term up- or down-trend, a close below the 50-DMA will have technicians switching to a more bearish tune.
Regards,
Ted
https://www.bespokepremium.com/chart-of-the-day/chart-of-the-day-50-dma-break/
