The S&P index is trading near highs up 115 points or 2.23% at 5301.95. The high price reached 5303.17 so far. That gets the price within 5.6 points of its key 100-day moving average. That moving average level comes in at 5308.75. The price last Friday bottomed near that level and bounced into the close. However, on Monday the market gapped sharply to the downside on the back of Japan's Nikkei 225 index index plunge. The low price reached 5119.26. Since then the price has rebounded about 3.6%.Getting above the 100-day moving average is key for the health of the market technically. Staying below it, and traders will be looking at this "correction" as a "correction"(if I can be redundant).Movi
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