S&P 500: Can Tech Sector Strengthen Enough to Overcome 50-Day Moving Average?
FX Empire·2026-02-18 15:57
We’ve seen this pattern repeat at least five times since November where the index plunges through the 50-day MA then soars again as it regains it. While all of the others produced a series of higher-highs, including the record at 7043.00, suggesting real momentum buying, the last two failed to do so, producing swing tops at 7027.25 and 7006.50.Next Few Days Will Tell Us If Sellers Are Starting to Cap GainsWe’re going to be watching the momentum if the 50-day is recaptured or rejected by traders over the nex ...