Price has been above the 200 day moving average since May 27
The S&P index has traded to a new session low of 3036.52 and in the process is getting closer to its 200 day moving average at 3013.25. The price has closed above its 200 day moving average since May 27. A move below the level would have traders looking toward the 3000 level which is near the 50% of the move up from the May low.
Key levels for both the buyers and the sellers being approached.
