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S&P 500 closes below a key bullish trend line for the first time since June, signaling bearish tilt

Dow Jones2021-09-18

S&P 500 ends below 50-day moving average for first time since June 18

The broad-market S&P 500 index closed below its short-term trend line for the first time since mid June, signaling that a bearish turn is taking hold of the U.S. stock market ahead of the policy-setting Federal Open Market Committee meeting next week.

The S&P 500 index closed on Friday down 0.9% at 4,432.99, ending beneath its 50-day moving average at 4,436.67, FactSet data show. That marks the first breach of that short-term line in the sand since June 18, according to Dow Jones Market Data.

Many technical analysts see the 50-day MA as a guide to the short- to intermediate-term trend, so a close below the line could portend further weakness.

Friday's decline marked the second in a row for the S&P 500, led by a drop on the session in information technology and materials shares , wiping out the index's weekly advance.

The S&P 500 ended the week off 0.6%, while the Dow Jones Industrial Average and the Nasdaq Composite indexes, which both finished Friday lower, logged a weekly decline of 0.1% and 0.5%, respectively.

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  • Linglong8191
    ·2021-09-20
    Like pls
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    • chloectf
      [微笑]
      2021-09-20
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  • koolgal
    ·2021-09-20
    Volatility is what makes the stock market so exciting! It is the price investors pay to reap the rewards from holding good stocks long term! 
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    View more 2 comments
  • Kave
    ·2021-09-20
    [開心] [開心] 
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  • KenT
    ·2021-09-19
    D
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  • szueyann
    ·2021-09-19
    Please like and comment. Thanks
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    • HuGang3166
      Ok
      2021-09-20
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    • cozyli
      ok
      2021-09-20
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  • Liuliusg
    ·2021-09-19
    Market volatile is a norm. Sell or hold Depend on your acceptance of the risk level.
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  • FALCON
    ·2021-09-19
    Nice
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    • FALCON
      good
      2021-09-19
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  • Huhu88
    ·2021-09-19
    ?
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    • Kave
      [开心] [开心]
      2021-09-20
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  • kcwang4982
    ·2021-09-19
    Gon go 
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    • bt_wong316
      Nice
      2021-09-20
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    • w8w8
      steamed
      2021-09-19
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  • GoodnRich
    ·2021-09-19
    [Cool] 
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    • Jweikit
      Nocd
      2021-09-19
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  • KelvinChan
    ·2021-09-19
    Okay 
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  • sQzC
    ·2021-09-19
    Pls comment and like
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  • Williamw
    ·2021-09-19
    Ok
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  • Zasper
    ·2021-09-19
    Ok
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  • TeenPopZ
    ·2021-09-19
    Ok
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  • Khoo12
    ·2021-09-19
    [Smile] [Smile] 
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  • Jeremysee
    ·2021-09-19
    Wow, have been quite awhile.
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  • jimmylaw
    ·2021-09-19
    Comments
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    • Jeremysee
      Here you go
      2021-09-19
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  • Mastery97
    ·2021-09-19
    S&P 500!!
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    • jimmylaw
      like
      2021-09-19
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  • Finree
    ·2021-09-19
    Time for a healthy correction pls
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