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Stock market charts point to more trouble ahead: Small-cap stocks close to 'death cross'

Patti Domm

When the stock market's direction is especially uncertain, stock charts can be road maps, and now some are sending warnings. The S&P 500 closed below its 200-day moving average for a second day Tuesday, the sign of a possible trend change, while the small-cap Russell 2000 appears to be heading for a negative "death cross" formation. Market bellwether Apple closed below its 200-day moving average Tuesday, and if it stays there, strategists say it could take another leg lower and signal more negative sentiment for tech and the broader market.

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