The Dow Just Reversed its Death Cross and Flashed a Golden Cross

The Dow just reversed its short-lived, bearish ‘death cross’ and flashed a bullish ‘golden cross’ Matthew Fox Nov 15, 2023, 3:46 PM EST The Dow Jones Industrial Average just reversed a bearish signal that flashed on Monday. The bearish “death cross” that took place earlier this week was reversed into a bullish “golden cross” on Wednesday. The moving average cross-over strategy is a lagging signal often used by traders and technical analysts. The October CPI report sparked a big enough rally in the stock market this week to flash a bullish buy signal and reverse a short-lived technical sell signal that developed on…