Critical Technical Signal in the S&P 500 👀

The S&P 500 tracker SPDR S&P 500 ETF Trust (SPY), one of the key indicators of U.S. equity markets, has closed below its 100-day moving average in 2 of the last 3 trading days.

This is the first time this has happened since May.

By itself, this is not a “crash signal.” But it may indicate a few things:

👉 Short-term weakness in the market

👉 Increasing profit-taking

👉 Investors starting to avoid risk

Especially in markets that break key technical levels, large funds may begin adjusting their positions.