It's official....the Death Cross has crossed for the S&P...(if that makes sense)

50 day MA on S&P crossed below the 200 day MA

The dreaded Death Cross has crossed for the S&P today (is that redundant?). The Death Cross is one of those ominous technical "signals" that is supposed to be indicative of a peak in stocks. I don't know what it is called when the 50 moves ABOVE the 200 day - maybe the life cross - but the world can go crazy when the negative happens.

Anyway, the 50 day is at 2759.35 today. The 200 day MA is at 2762.04. The 50 < the 200. So it's official. The Death Cross has been crossed.

PS Back on August 28th in 2015, the 50 fell below the 200 day MA when the S&P was down at 1988. The price ended up falling to 1913 two days later, then rose to 1990 over the next 12 days before moving back down to 1884.

The point is, it caused more up and down volatility over the next month, but it was not a straight run lower.