S&P 500 fails first test of the 200-day mvg avg
June 01, 2010 at 11:35 AM EDT
Following the U.S. markets' worst May since 1940, the Standard & Poor's 500 Index is trying to rally to start June. The upturn follows a failed test of the S&P's 200-day moving average last week, and all trends technically point lower until this area is reclaimed.