S&P 500 Index
Short

S&P 500 on the Verge of a Death Cross!

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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.

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