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Lawrence G. McMillan

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Oct. 26, 2017, 10:50 a.m. EDT

These signals show the punch is coming out of the stock market

Has the correction in the S&P 500 begun?

By Lawrence G. McMillan, MarketWatch


Courtesy Everett Collection

As far as the broad market is concerned, this is still a bull market, for all the trend lines are still rising. However, some of the punch has been taken out of it. Not only have a couple of sell signals arrived, but the momentum is slowing.

The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.78%   touched its rising 20-day moving average on Wednesday for the first time since Sept. 5, although it hasn’t closed below that moving average.

/zigman2/quotes/210599714/realtime
US : S&P US
3,169.94
+24.62 +0.78%
Volume: 2.39B
July 8, 2020 4:58p
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