“The Dreaded ‘Death Cross’ Formation Just Hit Stocks”
by Phoenix Capital Research
“Smart investors have noted that the S&P 500 just staged a very dangerous looking move. That move was when S&P 500’s 50-week moving average broke below its 100-week moving average. You can see this in the green circle below"
This move is called a “Death Cross” and for good reason.
The last time it happened was in 2008, right before the entire market CRASHED:
The time before that was right before the Tech Bubble burst, crashing stocks:
In short, going back over 16 years, this Death Cross formation has only hit TWICE before. Both times were when major bubbles burst and stocks Crashed.”