Is the Rally Dead or Alive?

Last night, we asked readers whether they thought the S&P 500 would hold support at its 50-day moving average (DMA).  After nearly 500 votes, the majority of readers (55.3%) think the rally is over and aren't looking for the index to find support at its 50-day.

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Comments

[macstibs]

Not that I think the rally is over per se, but if you look at the chart the 50-DMA isn't a great support level. We pierced materially twice and then rallied.