Change of trend?

Interesting development.

The S&P 500 has kept above the red line (moving average) most of the times for many years. The break of the S&P 500 below this moving average may signal an important change in trend (click on the chart to enlarge it).

At 1:03 pm EST the S&P 500 was standing at 1080.49 and the moving average level was 1108.02. In other words, the S&P 500 is now below the moving average.

Is it signaling an important change in trend?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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