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S&P back below the 2000 level

Discussion in 'Market News' started by ForexLive, Oct 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Is the rally over? The S&P index is trading back below the 2000 level at 1995.43. The Percent of the move down from the July high comes in at the 1999.92 level. Moving back below that level after spending the last 5 days above is not the best. The 100 day moving average comes in at 2042.63. The 50 day moving average comes in at 1987.21. The high corrective price peaked at 2022.34 - about halfway between the 50% retracement level and the 100 day moving average. The September 17 high came in at 2020.86.

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