Description: With the S&P 500 SPX, -1.65% poised to produce a bearish “death cross” chart pattern on Friday, more than half of the index’s components are already there. A death cross is when the 50-day moving average (DMA) crosses below the 200-DMA, with many chart watchers viewing that occurrence as marking the spot a shorter-term pullback transitions to a longer-term downtrend.
Source: MarketWatch.com
Date: Dec 06, 2018
Questions for discussion:
- What does article say about the market?
- How should investors deal with this analysis?
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