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With the S&P 500 SPX, -3.17% diving 3.0% in midday trading Monday toward the biggest one-day selloff in 15 months, more than half of the index’s components are trading in downtrend territory under some charting metrics, while nearly a third have fallen enough more than 20% from recent peaks. Currently 312, or 62%, of the S&P 500 are trading below their 200-day moving average (DMA), which many on Wall Street view as a dividing line between longer-term uptrends and downtrends, according to FactSet data.
...read full article on Market Watch
