Looking at the daily chart of the S&P 500 with the 200-day moving average (turquoise line), you could build a very basic—but often effective—trend-following system:
✅ Price above the 200-day MA = Bull trend
❌ Price below the 200-day MA = Bear trend
🔄 Price oscillating around it = Possible trend change
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📊 Current Setup:
We’ve broken sharply below the 200-day MA and have seen only a minor bounce back above it—with little follow-through. This kind of price action typically suggests a weakening bull trend.
⚠️ If we break below the 200-day MA again (currently around 5773), I’d start viewing that as a bearish signal. Right now, I’m watching this level very closely, as the next move could offer a strong clue about the market’s direction.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
✅ Price above the 200-day MA = Bull trend
❌ Price below the 200-day MA = Bear trend
🔄 Price oscillating around it = Possible trend change
________________________________________
📊 Current Setup:
We’ve broken sharply below the 200-day MA and have seen only a minor bounce back above it—with little follow-through. This kind of price action typically suggests a weakening bull trend.
⚠️ If we break below the 200-day MA again (currently around 5773), I’d start viewing that as a bearish signal. Right now, I’m watching this level very closely, as the next move could offer a strong clue about the market’s direction.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
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technicalanalysts.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.