🐒 The DEATH CROSS has taken place on December 7 , 2018 for the S&P 500
The definition of a Death Cross is from :
https://www.investopedia.com/terms/d/deathcross.asp
What is a Death Cross
The death cross is a chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
I created this chart at :
https://www.tradingview.com
BLUE LINE= 50 day simple moving average
GREEN LINE = 200 day simple moving average
The chart below is a daily chart
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SUMMARY:
As with any indicator the death cross indicator is not perfect . The S&P has been in a Bull market going on 10 years now so it is very likely this Death Cross may have some meaning to it this time.
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