Market Closes Below 200-Day Moving Average

The Wilshire 5000 closed today at 11,529.18, .21% below the 200-day moving average of 11,553.34.  The market crossed above the 200-day moving average two days ago, and stayed there before closing below today.  The 200-day moving average is a significant technical mark, while the market is now below that technical level, the 200-day moving average is still in an uptrend, which is bullish.  Every market needs to take a day here and there to rest and consolidate, and today was one of those days.  While the market was down today, the overall fundamentals of the market are bullish.