The Dow Jones Industrial Average has been trading above its 50-day moving average since late-March. But the 200-day moving average is a key metric for long-term traders. The 200-day moving average for the DJIA is 8,765.69. We are also seeing the same reading in the S&P 500 Index, with the exception that the S&P 500 Index has now actually moved well above its 200-day moving average of 926.89.
Below are the two charts from Stockcharts.com:
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