The current price action is similar so far to the late 2018 sell-off. The price failed to cross the 1D MA200 on three occasions and a Death Cross (MA50 crossing below the MA200) was formed that led to the December 2018 low.
It becomes obvious that SPX should break above the 1D MA200 in order to avoid a similar death spiral as investors will surely lose confidence that even traditional saving mechanisms like rate cuts are unable to provide relief on the stock market.
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