The S&P 500 Index is starting the week in a place it rarely treads: within striking distance of its 200-day moving average. The U.S. equity benchmark closed Friday within four points of that line as stocks capped their biggest weekly decline in two years. It has repeatedly bounced around two other support levels -- the 50- day and 100-day moving averages in the past two months, but only once
dipped below the 200-day line during the worst of February’s selloff. Dipping below that level will probably start the bear market.
Source: Bloomberg Pro Terminal
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