S&P 500 Break Through 200 Day Moving Average

  • Stocks are surging on Tuesday on hopes of re-opening the country.
  • The S&P 500 has broken through major resistance of 3000 at open, this is a significant level to continue this uptrend and possibly hinting at a longer uptrend of the market.
  • The S&P 500 broke through another significant resistance of 200 day simple moving average, known as a momentum indicator.

Source: CNBC

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s