From Bespoke Investment Group:

With major equity indices pulling back again this morning, we wanted to highlight some of the key levels of support for the index. With regards to its 50-day moving average (DMA) of 1,010, the S&P 500 is still over 4% above that level.

Looking at the 20-DMA, the S&P 500 would have another 1% to go before reaching that level (1,040).

Coincidentally, the 20-DMA aso coincides with the highs from late August, so that is a level to watch in the short-term.

See the chart...

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