S&P and Nasdaq avoid a close below the 200 day MA
The S&P and Nasdaq indices traded below their 200 day MAs today at 2776.42 and 7528.78 respectively. However, a bounce off the lows did not erase the declines in the major indices, but as a consolation prize, the broad indices closed back above the MA level. We will see what tomorrow brings.
The final numbers are showing:
- The S&P index fell -19.49 points or -0.69% at 2782.95. The 200 day MA is at 2776.42.
- The Nasdaq index fell -60.042 points or -0.79% at 7547.309. The 200 day MA is at 7528.78
- The Dow fell 221.57 points or -0.87% at 25126.47. It’s 200 day MA was broken yesterday and it remains below that MA at 25430