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Benzinga
Benzinga
Business
Melanie Schaffer

Is The Bear Market Over? What To Watch On The SPY As The Market ETF Bumps Into Major Bull, Bear Indicator

ETF

The SPDR S&P 500 (NYSE:SPY) was trading about 0.45% higher on Tuesday, tapping the 200-day simple moving average (SMA) on the daily chart.

The 200-day SMA is an important bellwether. Technical traders and investors consider a stock trading above the level on the daily chart to be in a bull cycle, whereas a stock trading under the 200-day SMA is considered to be in a bear cycle.

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