Beware a barrage of sell orders Monday as the S&P 500 broke beneath its 200-day moving average late Friday. While not always portending a further sell-off, the last time the S&P broke through what many consider this key technical barrier – August 2 -…
Posted by admin | Posted on 04-06-2012
Category : Stocks, World News
Tags: august, average, barrage, barrier, broke, comments, friday, index, key, lost
Beware a barrage of sell orders Monday as the S&P 500 broke beneath its 200-day moving average late Friday. While not always portending a further sell-off, the last time the S&P broke through what many consider this key technical barrier – August 2 – the index lost 12% over the next 5 trading sessions.
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See more here: Beware a barrage of sell orders Monday as the S&P 500 broke beneath its 200-day moving average late Friday. While not always portending a further sell-off, the last time the S&P broke through what many consider this key technical barrier – August 2 -…