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.
As always, I really want to hear from you! Please leave your questions and comments. I respond to every one.
Dean
Dean,
thank you, always looking forward to your views !
are you looking for 2603-2818 any time in the day, or on the close only ?
thank you,
Dee
I was looking for a break of $2603 – and it happened today, but then price closed higher. A close below that level would be mover convincing . . .
Dean, thank you !
Dean,
Are you going to be looking interday, or the close of the day ?
thank you so much !
dee