S&P index trading at highs and looks to test 100 day MA

Technical Analysis

Price gapped above the 200 day MA earlier today

The S&P index is trading at new session highs at 2812.38. The index is looking to test the 61.8% of the move down from the September high at 2811.35, and is also looking toward the 100 day MA at 2819.68.  The 50 day MA is working it’s way toward the 100 day MA at 2833.59 currently.  Key levels for bulls and bears.  

ForexLive

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