All Three Major Indices Back Above 50-Day Moving Averages

After a second strong week for the markets, all three major US indices (S&P 500, Dow 30, Nasdaq) are now back above their 50-day moving averages.  We'll see if this positive technical momentum can carry over into Monday, which has recently been a very strong day for the markets.

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Comments

[Mike]

Any thoughts on how long it needs to be above the 50 MA to be considered broken? I had a boss once that said, you need at last three consecutive closes above.

Your thoughts?

[Spreader]

A trap unless proved overwise