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S&P 500 Index May Be Testing 200-Day SMA before Another Sell-Off

John Parker
S&P 500 Index May Be Testing 200-Day SMA before Another Sell-Off

Today, October 12, the broader market is bouncing back after falling for six consecutive sessions. As of October 11, the S&P 500 index (SPY) has fallen 6.4% MTD (month-to-date). The Dow Jones Industrial Average (DIA) and the Nasdaq Composite index (QQQ) have fallen 5.3% and 8.7%, respectively.