One simple chart points to a stock market rebound (via TradingNation)
retreated from its own highs. A day earlier, both indexes suffered their worst day of the year as trade tensions between the U.S. and China escalated.
Since the beginning of 2018, the S&P 500 moved as high as a record 3,025 last month and as low as 2,346 during its December slump. The 200-day moving average, which smooths out intraday and day-to-day volatility, shows the S&P 500 in a period of consolidation over this stretch.
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