Death Cross just occurred in the SP

A very important development occurred in the E-mini S&P this morning. We just witnessed the infamous death cross. The death cross is defined when the 50 day moving average crosses below the 200 day moving average. This often is a sign that a top is in. The 50 day moving average today is 2757 and the 200 day moving average comes in at 2768. Traders can start utilizing the strategy sell the rally" mentality going forward always employing stops.

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