Mars Finance News: Although the S&P 500 index rose on Monday, it showed a "death cross" signal, with the 50-day moving average crossing below the 200-day moving average, the first time since March 2022. Technical analysts typically view the death cross as a signal of potential further decline. While the index has historically tended to fall after a death cross, such pain is often short-lived. Data shows that the S&P 500 index generally rises 2.5%, 4.2%, and 5.8% after 3, 6, and 12 months, respectively. Bank of America's chief technical strategist Paul Ciana says the impact of the S&P 500's death cross on future market performance is inconclusive. A key factor is whether the 200-day moving average at closing has declined in the past five trading days. If so, it might indicate a larger potential downside in the near future. According to Ciana, this could be a clear signal that the index might retest the 2025 low point from last week.
S&P 500 sees 'death cross' for first time in 3 years
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