US EditionS&p 500 About to Register a "Golden Cross" Bull, Pointing to a Strong Market Momentum
2 Articles
2 Articles
For the first time in more than two years, the S&P 500 is about to register a bullish "golden cross" this Tuesday, an event that marks a new milestone in its impressive recovery.This indicator is widely used by technical analysts as a key gauge of market momentum.It is activated when the 50-day moving average crosses above the 200-day moving average, a movement that, as planned, will occur at the end of the day.According to Dow Jones Market Data…
WALL STREET.— For the first time in more than two years, the benchmark marked Tuesday as a “golden cross” bull, a new milestone in a recovery that has already earned a place in market record books. Like its bassist counterpart, the “death cross,” the golden crossing is a popular indicator among technical analysts as a measure of market momentum. It is activated when the 50-day mobile average crosses above the 200-day mobile average. It should be…
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