S&P 500 and the Dow on Wednesday closed below their 50-day moving averages

But both the S&P 500 and the Dow on Wednesday closed below their 50-day moving averages, a technical threshold they last closed under right around Election Day. The S&P fell below its 50-day of 2,351, declining 8 points to 2,344, while the Dow finished Wednesday beneath its 50-day, losing 59 points to 20,591.
The 50-day moving average is just what it sounds like — the average of the last 50 days of closing prices, and technical strategists look at a close below that average as a set up for a potential sell off. Traders will be watching how the stock market moves off of this level Thursday.

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