The S&P 500 (SPY) index has fallen below its 100-day moving average for the first time in two and a half years.

03/06 09:15

financial data and information platform Barchart released a chart indicating an important technical signal in the US stock market. The S&P 500 ETF ($SPY) has closed below its 100-day moving average on 2 of the last 3 trading days. Data shows this is the first time this technical pattern has appeared since May 2024. This signal is typically regarded by technical analysts as a strong warning of a mid-term trend weakening or the market entering a deep correction phase.
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