"Very Obvious" Level Now Hit « Market Montage

This very obvious 200 day moving average on the S&P 50 has now been reached.  It took a while here as bulls tried to defend yesterday's lows all day but once that broke it was a quick trip down.  Now the question is, is it just that easy for a bounce to happen from a level everyone is watching?

 

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio.