The S&P 500 Index (SPY) falls below the 100-day moving average for consecutive sessions for the first time in two and a half years.
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Jinse Finance reported that the financial data and information platform Barchart released a chart indicating that a significant technical signal has emerged in the US stock market. The S&P 500 ETF ($SPY) has closed below its 100-day Moving Average on two out of the last three trading days. Data shows that this is the first time since May 2024 that the index has exhibited such a technical pattern. This signal is typically regarded by technical analysts as a strong warning of a weakening mid-term trend or the market entering a period of deep correction.
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