S&P 500 Slips Below a Key Trend Line — Here's What It Means

The S&P 500 fell below its 50-day moving average — a trend line that steadied the market's run since March, per MarketWatch (July 26). That signals the market's short-term momentum has shifted from rising to slipping. Forex.com calls the next floor the summer's biggest test: hold, and the rally survives; break, and prices could fall further.