Breaking the 50-day Moving average may change the feel of this market all together. 

The 50-day moving average has held strong for this market since last year’s election. There has been a few breaches around the 50-day MA, so it hasn’t been a clean hold every time, but in large part, despite the breaks that we have seen of the market rally around the 50-day MA at or near it every time. 

So today, the S&P 500 is attempting to break the 50-day and if it confirms, it would validate the bearish trend reversal we have seen recently in the SharePlanner Reversal Indicator, and finally get a pullback in this market and allow stocks to let off some steam. 

Stocks Watch List

Here is the SharePlanner Reversal Indicator:

50 day moving average shareplanner reversal indicator