NEWS： US Stock Market Welcomes Golden Cross
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After the S&P 500 index rose on Monday, the technical indicators formed a golden cross pattern, which may indicate a further rise in the short term based on past experience.
Chart analysts and other market observers see the gold crossover as a bullish signal. When the short-term moving average of the index closing position rises and goes up through the long-term moving average, a golden cross is formed.
The S&P 500 index. SPX crossed gold Monday for the first time since April 2016. Recent gains in the index have pushed its 50-day moving average through its 200-day moving average.
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