Stock-market traders brace for ‘dogfight’ as S&P 500 lingers below its 200-day moving average – MarketWatch

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The focus on the 200-day might be improved by the reality that the average stood Friday at 2,999.67, just a whisker listed below a big round number. < figure class= "media-object-image. Leaps above the 200-day moving average because 2009 have actually "constantly been satisfied with some agita," composed Mark Arbeter, president of Arbeter Investments, in a Thursday note.

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RBC Capital Markets. While some selling interest is most likely around that level, the market isn’t overbought, which means the “risk-on” momentum could power the index to additional gains. An effective test of the average would put the 3,050 area in focus, he said, in a note, followed by 3,110, which would mark a 76.4% retracement of the February-March selloff.

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