S&P 500 survives test of 50-day average amid technical cross currents
March 28, 2017 at 13:04 PM EDT
Technically speaking, each major U.S. benchmark has just survived this year’s first retest of the 50-day moving average. The successful tests preserve an intermediate-term market uptrend against the backdrop of a near-term consolidation phase that has not yet clearly run its course.