The death cross is a technical chart pattern indicating the potential for a major selloff and has proven to be a reliable predictor of some of the most severe bear markets of the past century, including 1929, 1938, 1974, and 2008.
The death cross appears on a chart when a stock’s short-term moving average, usually the 50-day, crosses below its long-term moving average, usually the 200-day . (Investopedia)
Then why the market is positive?
Short covering because of the Quadruple Witching next week..!
What is Quadruple Witching?
Read my previous articles:
The market will resume going down after that or become flat for a while..!(my current estimation is another 10-20% by end of June)
Do you want to review some examples?
Dr . Moshkelgosha M.D
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Comment: The market will resume going down after that or become flat for a while..!(my current estimation is another downside move at least 10-20% by end of June) Disclaimer