Business Chart of the Day: Ominous Death Cross Forms in Stock Market

Flags are seen outside the New York Stock Exchange on Feb. 24, 2022. Caitlin Ochs/Reuters

A “death cross” has formed on the chart of the SPDR S&P 500 ETF Trust. Traditionally, this is considered a bearish dynamic.

Technical analysts use moving average (MA) prices to identify trend changes. The death cross uses the average price of the prior 50 days and 200 days.