The Significance Of The Golden Cross…Statistically

The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.  The most famous golden cross, used and monitored by the Smart Money is when the 50 moving average cross over and above the 200 day moving average.

There isn’t a name for when price crosses over and above the 50 day moving average, while the 50 day moving average crosses over and above the 200 day moving average, but it’s statistical significant on the S&P

About the author: TIMM Trader
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