50 day MA on S&P crossed below the 200 day MA
The dreaded Death Cross has crossed for the S&P today (is that redundant?). The Death Cross is one of those ominous technical “signals” that is supposed to be indicative of a peak in stocks. I don’t know what it is called when the 50 moves ABOVE the 200 day – maybe the life cross – but the world can go crazy when the negative happens.
Anyway, the 50 day is at 2759.35 today. The 200 day MA is at 2762.04. The 50 < the 200. So it’s official. The Death Cross has been crossed.