One number to be aware of is the 200 day moving average for the S&P 500, currently around 1905.We're not all that into moving averages. Arbitrary support and resistance lines we like. Capricious trend channels, sure, why not?
MA's? Maybe for after the fact blogging.
From MarketBeat:
11:42 am ET
Oct 14, 2014
These days, everybody (us included) thinks they’re a market technician, and everybody is looking at one particular technical: the 200-day moving average on the S&P 500. But there’s evidence that the 200-day moving average simply doesn’t matter anymore, MarketWatch’s Mark Hulbert said this morning on the MoneyBeat show.Also at MoneyBeat:
Following the 200-DMA as a strategy has beaten buy-and-hold over the last century, he said. However, “and this is a big however,” the strategy actually stopped working around 1990. Why exactly isn’t known. There are several theories for this, he said, one of them being that changes in the marketplace that have made trading more accessible have also sapped the 200-DMA of its value....MORE
4:27 pm ET
Oct 13, 2014
Here’s Why the 200-Day Moving Average Matters