S&P 500 PULLBACK MAY DEEPEN, BTIG WARNS BTIG analyst Jonathan Krinsky says the S&P 500’s decline could extend further as technical signals turn negative. He cites overbought conditions, weak market breadth, and complacent sentiment as risks. The index hasn’t touched its 50-day moving average (~6,654) or fallen 3% since April — levels Krinsky sees as minimum downside targets, with a move toward 6,400–6,500 likely. He also notes rising caution signals in other markets, including a higher equity put/call ratio, Bitcoin testing 100K, and potential weakness in gold.(*Walter Bloomberg)