The dashed line is the closing price today (May 20, 2009). The market is only off 42% from the peak.The S&P has just turned down below its 200-day moving average. Not a good sign for the bulls!
Wednesday, May 20, 2009
S&P 500 at Critical Point
The dashed line is the closing price today (May 20, 2009). The market is only off 42% from the peak.The S&P has just turned down below its 200-day moving average. Not a good sign for the bulls!