SPX Daily Chart Moving Average Ribbon

The moving average ribbon shows today's fight exactly between the 100-day MA resistance at 2007 and 150-day MA support at 1992. Price has explored beyond these upper and lower rails but keeps playing around inside this key range. Thus, bulls win big above 2007. Bears win big under 1992. Between 1992-2007, bulls and bears agree to a truce and will wait until Tuesday to continue the battle. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 3:31 PM:  Going into the closing bell shortly the SPX is at 2010.50 above the 100-day. The 20-week MA is 2014.17.

Note Added 3:39 PM:  The 20-week MA is 2014.37 and the SPX is at 2014.64. Boom; up through the 20-week MA. This is a big win for bulls; see if they can hold the 2014 through the closing bell.

Note Added 4:11 PM: The bulls win the day with a melt-up into the bell helped by the options expiration. The SPX closes at 2019 above the moving averages. Price stopped at the gap at 2020-2024.