S&P 500 Index
Short

$SPX Monthly MACD Cross – Reset or Breakdown?

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The monthly MACD for the S&P 500 (SPX) just crossed to the downside 📉 — a signal we’ve only seen a few times in the past decade.

Looking at the chart, this indicator also triggered during:

📉 2018 (Quick pullback)

🦠 2020 (COVID crash)

🐻 2022 (Extended bear market)

Now in 2025, we’re facing another sharp decline — but the question is:
👉 Is this just another quick reset like '18 & '20... or are we about to grind lower like 2022?

The MACD histogram is already in negative territory, and the price action is following the same pattern we saw before extended drawdowns.

What do you think: is this the beginning of something deeper? Or are we prepping for a snapback rally?
Drop your thoughts below 👇

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