The S&P last week closed just below its 200 week moving average. That moving averages at 3605 this week. The open has taken the price back above that moving average level. Despite the ups and downs around the moving average level it still remains a key barometer from a technical perspective. Stay above is more bullish. Move below would be more bearish.. The low price last week dipped briefly below the 50% midpoint of the move up from the March 2020 Covid low and 3505.24.
S&P index prices back above its 200 week moving average
The Dow industrial average is back above the 30,000 level.
