The Nasdaq composite spooked investors on Monday after forming a death cross, a trading pattern that shows a decline in short-term momentum and is often a precursor to future losses.

A death cross occurs when the short-term moving average of a security or an index pierces below the long-term trend, in this case the 50-day moving average breaking through the 200-day moving average.

In the past month, similar chart patterns formed in the S&P 500, Dow and small-cap Russell 2000, but the Nasdaq avoided a death cross formation until Monday.

Among the major averages, the domino effect was progressively felt as the drop in one index preceded the next.

“The Dow Jones Industrial Average triggered the sell signal in August, followed by the S&P 500 then Russell 2000,” Brean Capital head of equity trading Roberto Friedlander wrote Monday, alluding to the deterioration in the market.

READ MORE: http://www.cnbc.com/2015/09/28/nasdaq-death-cross-forms-four-horsemen-pattern.html

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Evangelist Dina Amelia Kalmeta is the Founder and CEO of Your New Life in Christ Ministries - CWW7NEWS. Evangelist Dina reports on world events as they pertain to Bible Prophecy. Before Your New Life in Christ Ministries, Evangelist Dina served as a Leader for INCHRIST NETWORK leading teams online and spreading the Gospel of Jesus Christ. Her mission today is to bring hard evidence that what is taking place in the world isn't just coincidence, but indeed proof that the last days the Bible warned us about are upon us right now.