Trend Following: S&P 500 ETFs Battle 50-Day Average
July 09, 2012 at 15:42 PM EDT
ETFs indexed to the S&P 500 are trading above the 50-day exponential moving average despite weakness in recent sessions. Also, the technical indicator is turning upward which is a potentially bullish sign for U.S. equities. Closing at 1354.68 last week, the SPX managed to rally back above the...