Thursday, December 6, 2018

S&P Futures Daily Chart; Death Cross

The S&P futures print a death cross with the 50-day MA moving below the 200-day MA. Typically, price will tend to bounce after the death cross occurs since it takes many days and weeks of weakness to push the 50-day MA lower to create the death cross. If a little bounce occurs, watch to see if the death cross remains in play, or not. At that point, if the death cross remains in play, the futures will be weak going forward for the days and weeks ahead. The SPX cash index is about to print a death cross probably a day or two away. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note: Chart is provided courtesy of and annotated by Keystone.

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