Don't Ignore This Chart!

Santa Delivers the 200-day for the S&P 500

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The Santa Clause rally continued into Friday with the S&P 500 clearing its 200-day moving average in the early afternoon. Prior attempts in early December failed as the index fell back before the close. Let’s see if Santa can make good on this one. Merry Christmas!

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Announcement from the Author

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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