S&P 500 ETFs Hit Resistance at 50-Day Average
September 02, 2011 at 15:07 PM EDT
Exchange traded funds indexed to the S&P 500 dropped nearly 3% on Friday, selling off following the miserable U.S. employment report and after hitting resistance near their 50-day exponential moving average, a key technical indicator. “At the open the S&P 500 swept lower following the poor...