Quick Afternoon Update – S&P $4,000 and 50-Day

3:29 p.m. ET Although the S&P-500 (+0.3%) is trading at session lows there’s a little ping-pong game going on between $4,000 as immediate local resistance. As mentioned in all of my posts in the cash market, I think it would be a positive development if the S&P can close above $4,000. However, it’s also testing…