Near the S&P 500 – 200 – Day Moving Average

In the next one or two trading days the S&P 500 (SPX) could touch or break the 200 – day Simple Moving Average (SMA) line.

The daily SPX chart courtesy of Trading View illustrates the action since November 2024.

Please note that the last time the SPX was approaching the 200 – day SMA was in early March 2025.  The daily RSI reading on 03/13/26 was 33.15. the daily RSI reading on 03/04/25 when the SPX was just above 200 – day SMA was 33.22. 

In addition, the 03/07/26 blog “S&P 500 – Support Zone – March 2026” illustrated a potential Fibonacci support zone and noted “If the SPX trends down, there’s a good chance a bottom could be made in the 6,550 to 6,470 area”.

Using the SPX – 200 – day SMA with daily RSI and potential Fibonacci support could identify at least a short- term bottom sometime in the next two weeks.