50 day MA at 2622.75
The S&P has just violated the 50 day MA after one day close above that moving average. That MA comes in at 2622.72. The price is trading at 2619.72. The move higher last week was also able to breach the 50% of the move down from the September high. That level comes in at 2643.75. That break failed too.
A close below the 50 day MA will not be a good sign for the pair from a technical perspective.
