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A threatening death cross for the S & P 500 raises a stock market in Tatters

The S & P 500 Index is set to connect to the market benchmarks that form the dreaded Wall Street…

The S & P 500 Index is set to connect to the market benchmarks that form the dreaded Wall Street Diagram: Death Cross.

Read: Bearish death crosses are emerging, this time in retail and technology

A death cross sets up in the S & P 500

SPX, -1.91%

with 50-day moving average at 2 763.56, on the verge of sliding during the 200-day moving agent of 2 762.08, according to FactSet data .

A death cross is what mappers refer to as the point where 50-day short-term trend traverses cross the 200-day, which are used to define the long-term trend. Many believe that the cross-marking is the point where a shorter term is in the long term.

Read: How a threatening S & P 500 death cross could chase away the stock market santa rally

Considering the S & P 500’s almost 2% nose dive on Thursday collapses in line with Dow Jones Industrial Average

DJIA, -2.21

%

and Nasdaq Composite


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Faela