S&P 500 Pullback Reaches 5%

xyin

http://bespokeinvest.typepad.com ... back-reaches-5.html

S&P 500 Pullback Reaches 5%

The S&P 500's pullback from Friday's intraday high crossed the 5% level today.  The current pullback is the third intraday pullback of at least 5% since the rally began on March 9th.  With the S&P 500 on pace for its third straight daily decline (another first for this rally), the current pullback is also the longest.

A key level to watch on the S&P 500 is 875.  The previous pullback in April ended when the S&P 500 traded down to the level of the March peak.  If this decline is anything like the last, we would expect to see support at the peak of the April rally which was 875.  If that level fails to hold, the next area of support comes into play at the 50-day moving average (~825).

hutong9

xiaoxiaozhang

蜗牛

brianyu1983

感谢，挺有价值的。要是继续上行，现在已经触到20ma，就在875到890之间，相当重要的位置

wower

ding

xyin

5# brianyu1983

谢谢，就是给大家做个参考。。。

swimminginstock

xyin

8# hfdcai2000

是的， 要小心875 能不能hold

wiggler

ding!

金牛银熊

小兵

focusonsth

humbletrader

Thanks!

lwjnbtx

Thanks, good chart.

coexist

875 ..

soulvirus

暖漾

月

hippo

good