The S&P 500 and dollar undergo trend changes

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-07-09 at 13:30:00 CDT

The S&P 500 has triggered a Golden Cross, with its 50-day average crossing above its 200-day average. That in itself isn't much of a signal, but this has reversed what had been a very negative spread between the 50- and 200-day averages. When this happened since 1950, it coincided with the end of every major bear market. At the same time, the dollar suffered a Death Cross.

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