The S&P 500 Held the 50-Day SMA!
The S&P 500 Held the 50-Day SMA!
![The S&P 500 Held the 50-Day SMA!](https://ussnsimg.moomoo.com/sns_client_feed/73699614/20240729/fcb9595f7909cfe2800131c8f0c19030.jpg/big?area=100&is_public=true)
How key was maintaining contact with the 50-day SMA on Thursday and then retaking and holding that line on Friday? Both Relative strength and the daily MACD suggest that there will be another test.
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