The S&P 500 Has Held Above This Key Level All Week. It’s Getting Close Again.
The S&P nearly tested the level during Tuesday’s selloff, but as soon as it neared its 200-day moving average, it rallied from its lows. It’s acted as a key level of support for a market that’s struggling to rally due to fears about the impact of President Donald Trump’s tariffs and signs of cracks in the economy.