
Even the strongest bull markets eventually show fatigue — and right now, quite a few technical traders are watching one key level to gauge whether momentum is shifting.
In the latest Market on Close, Senior Market Strategist John Rowland and co-host “Twitter Tom” discussed how the 50-day moving average acts as one of the most important gauges of market health, using the benchmark S&P 500 Index ($SPX) and its companion exchange-traded product, the SPDR S&P 500 ETF (SPY) as a case study.