The S&P 500 (SPX) could soon have a cross of the 50 – day Simple Moving Average (SMA) below the 200 – day SMA. This is called a Death Cross and is usually the prelude to more decline.
In this case after the crossing the SPX could drop to 4,500 in a few trading days.
In this case after the crossing the SPX could drop to 4,500 in a few trading days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.