SPX S&P 500 Daily Chart; Death Cross

The S&P 500 Index, SPX, 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 in the week ahead, watch to see if the death cross remains in play, or not. At that point, if the death cross remains in play, the SPX will be weak going forward for the days and weeks ahead. Note the doji candlesticks that identified the trend changes for the last three tops (blue circles). 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.