SPX Retakes the 200d SMA, 2/12/19, Ian C. Burdette, CFA, CMT
*Looks like the SPX close of 2744.73, +34.93 or +1.29% does recapture the 200d sma. That's 16.7% up from the 12/24/18 closing low through today's session. 'If' you annualize that, SPX is at a pace to more than double through yr end.
*This is actually a very interesting technical zone for SPX. The simple linear regression line from the March 2009 low (start of this old bull) to the close comes in a 2745.32 - see chart below: