(Bloomberg) — The S&P 500 is sending a technical signal that has marked the end of every bear market in modern history.The benchmark’s 50-day moving average broke above the 200-day line on Thursday for the first time since the depths of the selloff in late March, forming a so-called golden cross. The price pattern is seen by some technical analysts as a positive omen as it frequently precedes sustained rallies.Golden crosses for the S&P 500 have corresponded with the end of every major bear market in the last 70 years, according to Sundial Capital Research.To be sure, using signals that …read more
Source:: Yahoo Finance
