The S&P index trades to new day highs and looks toward key 200 day MA target

Technical Analysis

Author: Greg Michalowski | sp

200 day MA at 2743.35

The S&P index is trading near the highs for the day. The high has reached 2741.02.  We currently trade just below that at 2740.16.

200 day MA at 2743.35

ON the move higher the index is making a run toward the 200 day MA 2743.35 (blue line in the chart below). A move and close above will be the first since December 3rd. 

Key level for both bulls and bears.  

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