Everybody Is About To Be Talking About This Line And The S&P 500
Oct 13, 2014, 05:30 IST
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Here's a VERY easy prediction to make.
This week, lots of people are going to be talking about the red line in the chart above. That's the 200-day moving average (the average of the last 200 days of trading). When the stock market falls below that line, people start to freak out about a serious correction. Right now, the market is bang-on the line, so what stocks do next (will they bounce off the line? Will they slice right through it?) will be a major source of conversation.