The 200-day moving average continued to be heavily defended by the power that be with only the S&P 500 that has broken below it. Both the Dow and the NQ continue to be well supported by their 200-day moving average.
Going forward, as long as the 200-dma is able to provide support they may able to rally the stock market up. Failure to mount a convincing rally off the 200-dma however is very bearish and is an indication that a break below is going to cause an avalanche of selling that will crash the stock market.
