Been above the 50 hour MA since January 4

The major US stock indices moved above their 50 hour MAs back on January 4th and since that time, the price has not dipped below that MA level.

With the price of the broad indices today, the price is moving back toward the lagging 50 hour MA.

Nasdaq index moves lower and toward support

For the Nasdaq, the 50 hour MA comes in a 7021.91. THe low today has reached 7040.325 We currently trading 7047.28

For the S&P, the 50 hour MA is down at 2614.86. The low today has reached 2632.69. We currently trade at 2635.57.

S&P index corrects toward 50 hour MA support target

Now each of those broad indices have more room to roam before they really test the MAs, but they (the MAs) are moving higher, and it does not take much to reach down to them.