Today's strong open has helped the S&P 500 break its short-term downtrend line from late October. The next area to watch today will be the 200-day moving average at 1,265. This is a level the index has twice had trouble staying above over the last month, so bulls are hoping that the third time is the charm.
Like what you see? Subscribe to Bespoke Premium today, and for a limited time receive a free copy of Collapse! - The Commemorative Game of the Financial Crisis.