Daily Charts - SPX Death Cross?

Callum_Thomas
04-23

1.Death Cross? 🤔

"36 of the 49 instances saw the $S&P 500(.SPX)$ realize *gains* while the Death Cross was in effect.

The problem is the losing trades were very large. And even most of the winners saw a sizable round-trip lower before they were able to carve out some gains" (Rob Hanna of Quantifiable Edges)

Basically: don’t rely on this indicator, but definitely raise your focus on risk management and other factors when it’s active.

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2.While bearishness abounds, and there are very real downside risks, it's important not to lose sight of the opposite...

"What's the best that could happen?"

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