How important is the 200 day moving average?

Dustin Tibbitts 19.02.2018

A quick look at how the 200 day moving average completely stopped the markets latest meltdown.

Market Update: Nasdaq Soars Above 20,000 First Time

The Nasdaq Composite closed above 20,000 for the first time ever as market participants expect the Federal Reserve to issue another interest rate cut next week following November's consumer inflation report. The tech-heavy index rode 1.8%, while the S&P 500 Index added over 0.8%. Meanwhile, the Dow Jones Industrial Average fell nearly 100 points.

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