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
Below are the high to low ranges for the US indices and the European indices. The US major indices are well off the lows, but also still down on the day (and never traded the day in the black).
