S&P index moves closer to its rising 100 hour moving average

The major US stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term remain in the red and are moving back toward the lows for the day. For the S&P index, its low price today came in at 4343.64. Its current price is at 4346.30 down -35.24 points on the day or -0.80%. The low price is approaching the rising 100-hour moving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term (blue line in the chart above). That moving average currently comes in at 4339.63.

The last time the price of trade below that 100-hour moving average was back on May 25. Moving below that moving average - and staying below - would increase the bearish bias. Another target to get below would be the swing high from June 9 that level comes in at 4322.62. Move below it and it opens the door for further selling probing in the short term from a technical perspective.

PS. The NASDAQ index is also testing its rising 100-hour moving average today. That moving average currently comes in at 13446.81 currently. In the 1st hour of trading today, the price dipped briefly below that moving average to a low of 13442.65 but quickly rebounded. The NASDAQ index has not closed below the 100-hour moving average since May 4. Moving below, opens the door for further downside probing in the Nasdaq. The NASDAQ index has been up for 8 consecutive weeks. This week the index is on track to close lower. The index is currently down -1.43% which is the largest decline since March 8 week.