Will we avoid the DEATH CROSS?
I know we have already taken some pain on the Top40 and it appears a relief rally is underway but recent price action shows that the 50 day moving average has now crossed the 200 day moving average (known as a death cross). While this does not necessarily play out 100% of the time, it does serve as a warning that the market is not ok. I would caution against buying this market at current levels because the potential for a sharp pull-back is high.
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