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death cross

‘Death cross’ portends more near-term losses for U.S. stocks, then rebound

NEW YORK: More losses may be ahead for U.S. stocks in the short term, according to an indicator with a fittingly ominous name: the death cross. A chart pattern tracked by technical analysts and other market mavens, a death cross forms when an index’s near-term moving average of daily closing prices falls below its long-term moving average as both averages are declining. The 50- and 200-day moving averages are commonly used. On Friday, the S&P 500 Index .SPX, the U.S. benchmark for large stocks, joined the main…