On Friday, 12/7/2018, the S&P 500 presented a pattern called the “Death Cross.” This may sound like a Darth Vader move of some kind, but it is simpler than that, and a whole lot less ominous.
The “Death Cross” is when the 50 day moving average crosses under the 200 day moving average.
Also, quite often (not always . . .) there is a seasonal phenomena called the “Santa Rally,” where the market goes up in December.
So, did the “Death Cross” kill the Santa Rally? I break it all down and show the key levels to watch for in this weeks video.
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