S&P 500 slips into the red after hugging the flat line through most of session

theflyonthewall.com

The index is down less than a percent, not a big move in percent terms, but it did fail to hold onto the 1520 area ticked earlier in the day. Price was well above the 10-day moving average at one point, but has now fallen below it for a fourth session. The lows of the day correspond to the close of Thursday and the lows of Friday of last week. For now this area at 1502 is important. A break that holds and gets built on below 1500 would be a technical negative. Resistance is at the 10-day, last at 1516.46. All sectors are in the red, lead by Financials, Energy, and Materials.

View Comments