S&P 500 Nears Key 50-Day Moving Average After Global Selloff
Tom Essaye of Sevens Report flags 6,665 as the next critical support level.
As the stock market wobbles, this is the key level to watch for the S&P 500
U.S. stocks remained under pressure in premarket trading Friday as global markets sold off across Europe and Asia. With investors questioning how much further the market could fall, Sevens Report Research founder Tom Essaye pointed to the S&P 500’s 50-day moving average — currently at 6,665.75 — as the next key level to watch.
The index closed at 6,720.32 on Thursday, according to FactSet data. Notably, the S&P 500 hasn’t closed below its 50-day moving average in 132 trading sessions — the longest such streak since February 2007, Dow Jones Market Data reported.
Also, click here to view the full article published in MarketWatch on November 7th, 2025. However, to see the Sevens Report’s full comments on the current market environment sign up here.
If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.
To strengthen your market knowledge take a free trial of The Sevens Report.
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.
