S&P 500 Sends Bullish Technical Signal With Golden Cross

Index’s 50-day average crosses above 200-day average
Wouldn’t rely on golden cross as standalone indicator: Sundial

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By Amena Saad and Sarah Ponczek

July 10, 2020 at 2:29 PM UTC

Updated on

July 10, 2020 at 3:48 PM UTC

This article is for subscribers only.

The S&P 500 is sending a technical signal that has marked the end of every bear market in modern history.

The benchmark’s 50-day moving average broke above the 200-day line on Thursday for the first time since the depths of the selloff in late March, forming a so-called golden cross. The price pattern is seen by some technical analysts as a positive omen as it frequently precedes sustained rallies.

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