S&P 500 slipped below its 100-day moving average

The benchmark S&P 500 index, tracked by the SPDR S&P 500 ETF Trust, closed below its 100-day moving average for the second consecutive session, according to Benzinga.

The last comparable breakdown occurred on Feb. 27, 2025. Over the following weeks the S&P 500 dropped almost 20% ― nearing the threshold of a so-called “bear market,” warns Bengzinga.

The 100-day moving average is widely regarded as a medium-term trend indicator. When prices close beneath it — particularly for multiple consecutive sessions — it often signals a shift in momentum from bullish to bearish.

Whether this breakdown mirrors the severity of last year’s decline remains to be seen, but the macro backdrop — particularly in energy — remains extremely volatile.

Source:  Bengzinga