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Scared By The Market Selloff? Watch The 200-Day Moving Average

TedTed
in The Bullpen
FYI: As the S&P 500 tumbles, one line remains a line in the sand—the 200-day moving average.

As its name implies, the 200-day moving average is a line created by plotting the average of an index or security over the last 200 days. And for the S&P 500, it’s acted as support in selloff after selloff going back to the beginning of this leg of the bull market in 2016.
Regards,
Ted
https://www.barrons.com/articles/scared-by-the-market-selloff-watch-the-200-day-moving-average-1539887202?mod=hp_DAY_1
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