A bearish “death cross” pattern has emerged in the charts of both the Russell 2000 and Nvidia’s stock. This is the first time in 17 months for the Russell 2000 and the first time in three years for Nvidia. The death cross occurs when the 50-day moving average drops below the 200-day moving average, signaling a shift from a short-term decline to a long-term downtrend. Following the appearance of this pattern on October 13, 2023, the Russell 2000 fell an additional 5.6% before hitting a three-year low two weeks later.
— news from MarketWatch
