S&P 500 slips below 200-day moving average
The S&P 500 SPX, -0.70% has slipped below the 200-day moving average in morning trade Thursday for the first time in three weeks, which could put a bearish spin on the stock market's outlook for some chart watchers. The 200-DMA, which currently extends to 2,750.81 according to FactSet, is viewed by many technicians as a line separating longer-term uptrends from downtrends. The last time the S&P 500 traded below the 200-DMA on an intraday basis was Feb.
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