Bloomberg posted a interesting long term chart of the S&P500 Index. That charts shows two prior Death Crosses in the S&P500 index and potentially a new one may form.
I got curious and checked out stockcharts.com. I created a long term chart of the S&P 500 Index. Added two moving averages – a 50 Day MA and also a 200 Day MA. The Death Occurs at a top when the 50 Day MA crosses “downward” over the 200 Day MA.
Click the link above to display the charts from stockcharts.com Looking at the chart (thanks to stockcharts.com allowing us to link) I saw something very ominous. There is a Head and Shoulders formation. Note also that the 200 DayMA is no longer rising.
This post is not meant as Investment Advice. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures markets.