S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?
The S&P 500 Index, as tracked by SPDR S&P 500 ETF Trust NYSEARCA: SPY, and the Nasdaq-100 Index, as tracked by the Invesco QQQ NASDAQ: QQQ, have both triggered a widely-followed bearish chart pattern known as the Death Cross. A Death Cross occurs when a 50-day simple moving average (SMA) trendline crosses below the 200-day SMA trendline. Get SPDR S&P 500 ETF Trust alerts:But does this ominous-sounding pattern really mean a bear market is inevitable? Death Cross: Signal or Noise? The pattern, when formed, i ...