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S&P 500 often undercuts 200-day SMA before rallying, Jake Wujastyk notes
The S&P 500 Index frequently falls below its 200-day simple moving average (SMA) and subsequently rebounds, according to Jake Wujastyk.
He observes this pattern has held true since 2023 and suggests that even more significant upward moves have occurred further back in time after the index tests its 200-day SMA. Short-term recoveries to the moving average are common following these dips.
Wujastyk’s perspective on the market’s resilience mirrors his previous observations on shifting probabilities, including the surge in odds for S&P 500 inclusion on Polymarket. Further, his clarification that the VIX represents implied volatility rather than cash value underscores the nuanced signals investors watch as major indices interact with technical benchmarks.
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