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The "golden cross" technical indicator has a strong track record of signaling more gains in the following 12-month period.
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A bullish “golden cross” appeared in Coinbase’s stock chart, but investors shouldn’t necessarily take that as a buy signal.
This is the first time the S&P 500 has flashed a death cross since March 2022, the early days of a bear market sell-off sparked by surging inflation and interest rates.
Summary. The “death cross” signals a market correction and suggests a more cautious investing approach. The correction from this year’s market peak is currently in a range that has only ...
Subsequently, if the 50-day SMA crosses under the 200-day SMA, it forms the death cross chart pattern, which typically indicates the transition from a bull market to a bear market.