Death Cross Imminent in SPX
$S&P 500(.SPX)$ Nice rally, and price remains near the 10-day moving average zone, similar to last Wednesday⚠️, and the death cross is looming⚠️.
While further short-term bullish momentum is possible, without a V-shaped recovery akin to 2020 or 2018, this area could act as resistance before a resumption of the sell-off.
That signal, the 50-day moving average crossing below the 200-day moving average, was the subject of an educational analysis covering the last decade, published just two weeks ago.
Review that publication to see for yourself the signal's historical relevance for $S&P 500(.SPX)$ $NASDAQ 100(NDX)$ $iShares Russell 2000 ETF(IWM)$ $Apple(AAPL)$ $NVIDIA(NVDA)$; back then I anticipated that the international indices were about to crack, and that happened.
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