Stock Market Disaster Ahead
This is a very bad sign.
In a stunning turn of events, the stock market is set to trigger a widely followed technical sell signal meaning that there is more bad news ahead for the stock market.
This is the first time a technical sell signal is about to go off since the last two years.
Furthermore, according to Market Insider, The “death cross” is a moving average crossover strategy that is often used by some stock market traders and technical analysts that tells them when to sell a security.
This “death cross” happens when the short-term 50-day moving average crosses below the long-term 200-day moving average. When this happens it means that the stock market will fall even lower.
On the other hand, when a the “golden cross” is formed it is a sign for investors to buy. the “golden cross” happens when the short-term 50-day moving average crosses above the long-term 200-day moving average.
