Tag Archives: Death Cross
Prepare for a large dose of mainstream financial media panic since the death cross is now imminent after the large drop on Tuesday, December 4, 2018..
There were multiple references to a “death cross” in NASDAQ-100 index in financial media yesterday, as well as, to one pending in S&P 500 index. A death cross is usually a losing proposition.
This pattern may not have any predictive power but it reflects directionless price action and high level of uncertainty.
The indicator on the daily S&P 500 chart below shows a projection of where the index must close today to affect a death cross, i.e., a cross of the 50-sma below the 200-sma. The close of today must be at … Continue reading