الأربعاء, 20 آذار/مارس 2019 12:35

The Dow is Flashing Bullish Signals

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(New York)

Just three months after flashing a dreaded “death cross”, the Dow is now showing some very bullish indicators. The Dow is signaling a “golden cross”, or a strongly bullish sign. The last time the market showed this kind of technical sign was three years ago, a moment which was followed by a 30% rally. The “golden cross” is when the 50-day moving average passes the 200-day moving average, and is taken as a sign of when a rally becomes a longer-term uptrend.


FINSUM: We don’t give a lot of weight to technical analysis unless it is accompanied by some fundamental news. In this case the bullish signs seem to exist in isolation.

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