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No Need to Fear the Death Cross in the S&P500

Started by PocketOption, Mar 12, 2022, 04:59 am

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PocketOption

No Need to Fear the Death Cross in the S&P500

The US S&P500 closed Thursday with a 0.4% drop, but the sustained downward trend since the beginning of the year has formed a "death cross", a bearish signal of Tech analysis when the 50-day Moving Average crosses down the 200-day one. It is widely considered as a downtrend confirmation, followed by a further and faster […]


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