Last week we looked at a move called the death cross. Basically it tells us that the market is about to go down badly, yet we have experienced an upward rally over the last couple of market days.
Does that mean the death cross is no longer around? Not so fast…
Adam has released an update to his video, Did the “Death Cross” die, or is it still live in the S&P 500? In the video, he addresses what the market has done over that last couple of days and what that means, if anything, for the long-term outlook.
Watch the video – Did the “Death Cross” die, or is it still live in the S&P 500?
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Three Reasons Stocks Could Jump 18% in 2012
(Wall Street Daily, 1/24/12)
Why We May See a Rally in U.S. Stocks
(Money Morning, 12/19/11)
S&P 500 Chart – The Art of Technical Analysis
(My Trader's Journal, 1/22/12)