$SPX Stays Below 200DMA as $KSS Forms Death Cross and $NKE Suffers Major Drop
Markets remain under pressure as key indices extend bearish streaks, while major names flash technical breakdowns and extreme downside moves.
1. $S&P 500(.SPX)$
S&P 500 $SPX closed below its 200-day moving average for the 11th consecutive day, the longest stretch since April/May 2025 📉📉
S&P 500 on track for its 10th consecutive red Thursday, the longest streak in history 📉📉
2. $Kohl's(KSS)$
Kohl's $KSS forms a Death Cross ☠️ for the first time since June 2024 🚨 The last one sent prices plunging 74% over the next 10 months 📉📉📉
3. $Nike(NKE)$
Nike $NKE obliterated for its 2nd largest loss in the last 25 years 📉📉📉
Nike reportedly considering legal options after Jim Cramer said "so far so good" about the company yesterday. One day later, $NKE suffered its 2nd largest drop in a quarter century 📉📉
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