While the midweek session may go down as the debut of the Trump administration’s so-called Liberation Day, it was also notable for aviation buffs because of JetBlue Airways (JBLU). Specifically, JBLU stock just flashed the death cross, a technical phenomenon where a shorter-running moving average slips beneath a longer-running one. Typically, it’s when the 50-day moving average intersects below the 200 DMA.
Outside of any context, the death cross represents a simple mathematical exercise. But when you factor in the human component, what it reflects is sustained negativity that has taken control of the target asset’s trajectory. When the death cross flashes, it may signal the beginning of a serious downturn or even an outright bear market.
