Key Takeaway
- 200-Day Moving Average Breached : The S&P 500 officially broke below its 200-day moving average (DMA) on March 20, ending a 214-session streak above this important long-term trendline.
- Current Levels : As of March 26, the index closed at 6,477 , down roughly 7.5% from its all-time high set in late January.
- Potential Downside : My belief is that a further decline could test the previous market high from late February 2025 (approximately 6,150 ), which would represent an additional 4% to 5% drop from current levels.
- 2023 : Fell 10.3% mid-year; finished up 26.3% .
- 2024 : Declined 8.5% mid-year; finished up 25.0% .
- 2025 : Crashed nearly 19% in the first half; finished up 17.9% .
This material is for informational purposes only and is not intended as investment, tax, or legal advice. Past performance is not indicative of future results.