Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020.The stock market is set to trigger a widely followed technical buy signal on Wednesday, suggesting more upside ahead.
The golden cross is triggered when a short-term moving average, typically the 50-day, crosses above a long-term moving average, typically the 200-day. On Wednesday, the S&P 500 is set to experience a bullish golden cross, which occurs when the shorter-term 50-day moving average crosses above the longer-term 200-day moving average. The moving average crossover signal is widely followed by technical analysts and traders.The lagging indicator can help alert traders to securities in the stock market that are solidifying their uptrend and are likely to experience a continuation with higher stock prices.
Meanwhile, the 50-day and 200-day moving averages of the Dow Jones industrial average are still too far apart to be able to determine when a golden cross might happen for the index.The most accurate analyst covering companies like Amazon says these 7 stocks are great bets for the future of e-commerce - even as the coronavirus bump fades
Yeah. They're digging their graves also..
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