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S&P 500 teeters on edge of a death cross, and one key level could determine its next move

Keris Lahiff

The S&P 500 is flashing a technical warning sign. The benchmark index is about to enter a 'death cross,' a technically bearish move where its 50-day moving average crosses below its 200-day moving average. Matt Maley , equity strategist at Miller Tabak, is not sweating the technical move