https://www.bloomberg.com/news..../articles/2022-09-19
The S&P 500’s long-term trend has turned “sharply lower recently,” and the index has closed below its 200-day moving average for 110 trading sessions, the longest streak since the bear markets of 2008-2009 and 2000-2002, according to Bespoke Investment Group.
“Prior stretches of weakness since 2010 turned out to be just corrections within longer-term uptrends, and the current decline appears to be turning into something more than that,” Bespoke strategists wrote in a note Friday. “It’s going to be hard to get too excited until the S&P moves back above its 200-day moving average.”