The S & P 500 Index has a "death cross" for the first time since March 2022
Internet reported that although the U.S. stock market S & P 500 index rose on Monday, it showed a "death cross" signal, and the 50-day moving average broke through the 200-day moving average for the first time since March 2022. Technical analysts often view a death cross as a signal that the downtrend will intensify. Although the index has typically fallen further after death crosses in the past, the pain has often been short-lived. Data shows that the overall average of the S & P 500 index will rise after 3 months, 6 months and 12 months, with increases of 2.5%, 4.2% and 5.8% respectively. Paul Ciana, chief technical strategist at Bank of America Securities, said that the death cross of the S & P 500 index has no conclusive impact on the market outlook. One key is whether the 200-day moving average at the close has fallen over the past five trading days. If so, it may indicate that the stock market will have more room to decline in the near future. According to Ciana, this could be a clear signal that the index fears retesting last week's 2025 lows. (Jin Shi)
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