Everyone's Talking About How The Stock Market Bounced Off This Blue Line

The S&P 500 has surged after touching its 50-day moving average, a line that technical analysts like to talk about as being significant, and which is represented in the blue line below.

The legend of the 50-day moving average grows!


Photo: stockcharts.com

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.