S&P 500 nears first ‘golden cross’ in 2½ years, but this doesn’t guarantee more gains ahead The golden-cross indicator is used by technical analysts as a sign that a particular upward trend in markets or currencies is gaining momentum. Barring a massive selloff in stocks, the S&P 500’s 50-day moving average should cross its 200-day moving average in a matter of days.
The S&P 500 has seen 52 golden crosses since 1930, according to Dow Jones Market Data, which used back-tested data to account for the index’s performance prior to its creation in 1957. In that time, stocks were trading higher one year later 71% of the time.
Follow & share Telegram |
GETTR |
Twitter |
TRUTH |
Gab |
Parler |
Website
