A move above or listed below a 200-day moving average– a proxy for changes in a possession’s long-lasting pattern– is always carefully watched by traders&, but the S&P 500’s long courtship with that essential level, as it recovers from its bear-market plunge, is ending up being something of a fixation on Wall Street.
Even if stocks do make it back above the 200-day, history shows that a prolonged run to the benefit is far from guaranteed.
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