S&P 500 Slips Below 50-Day Moving Average — Summer's Key Test

The S&P 500 closed below its 50-day moving average — a trend line that held up the post-March rally, per MarketWatch (July 26). That flips near-term momentum from constructive to corrective. Forex.com calls the current support zone the summer's biggest test for bulls: hold, and the uptrend survives; fail, and a deeper pullback opens.