How Significant Is the S&P 500 Breaking the 200-Day Moving Average? (Quick Take Video)

Talking Points:

• On Monday, the S&P 500 closed below its 200-day moving average for the first time in 448 trading days
• The technical milestone alone carries limited weight, but evidence of a deeper market turn seems to be adding up
• As the leaders start to struggle (FANG companies, Tech sector, US equities), the threat of true risk aversion deepens

See how retail traders are positioning in the S&P 500, Dow Jones Industrial Average and other benchmarks of the global financial system on an intraday basis using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)



Source: DailyFX - Forex & Macro News (via YouTube)
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