A classic death cross occurs when the 50-day simple moving average moves below the 200-day SMA. We have seen death crosses in the S&P Mid-Cap 400 on November 13th, the S&P Small-Cap 600 on November 20th and the Nasdaq 100 on December 4th. The S&P 500 is the latest index to join the party with a death cross on Friday. The Dow Industrials remains the hold out because the 50-day SMA is around 1.5% above the 200-day SMA.
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