S&P 500 Still Stuck In a ‘Death Cross.’ Is Worst Almost Over?
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Stocks resumed their April slide Wednesday morning as investors worried about the impact of a U.S.-China trade war on the global economy. In a more troubling sign, the S&P 500 remains in a technical scenario that traders refer to as a “death cross”–where a key shorter-term moving average moves below the level of a long-term moving average. The 50-day moving average for the S&P 500 is now hovering around 5722, compared to a 200-day moving average of about 5755.
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