The S&P 500 has achieved its first “golden cross” in over two years, signaling a potential shift in market momentum. This positive technical indicator suggests that bulls are gaining the upper hand.
The S&P 500 closed at a new high on Tuesday, marking a significant milestone for the recovering index. It’s the latest chapter in a recovery that has already made history by reaching levels previously thought to be unattainable.
Source: https://www.marketwatch.com/story/s-p-500-is-heading-for-its-first-golden-cross-in-more-than-2-years-heres-what-comes-next-7de9ce60