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The "golden cross" technical indicator has a strong track record of signaling more gains in the following 12-month period.
The S&P 500 and Nasdaq 100 have formed a "golden cross" on their charts, indicating the possibility of a "long-term bull ...
The last time the S&P 500 formed a golden cross was in July 2020. The index went on to notch gains of over 50%, rising from a close of 3,185 on July 10, 2020, to nearly 4,800 in January 2022.
What is a golden cross? This is a bullish chart pattern formed from moving averages. Click to learn more about this pattern, what it represents, and how it is used.
The so-called "golden cross" occurs when the 50-day moving average moves above the 200-day moving average. The indicator suggests more upside is in store for the Dow as it solidifies its uptrend.
A golden cross occurs when a 50-day moving average tops a 200-day average, signaling a bull market. Its opposite, a death cross, represents a bearish trend with the short-term average falling ...
Tesla TSLA had a bear market decline of 75.4% from the high of $414.49 set on November 4, 2012, to the low of $101.81 set on January 6, 2023. The date of the low was a positive key reversal day ...
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