Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
Sign in to follow this  
bostonangler

Bearish 'death cross' appears in Russell 2000 chart, first since just before December flash selloff

Recommended Posts

Pitcher what do you think about this one?

 

B/A

 

 

 

A bearish "death cross" pattern is appearing in the Russell 2000's RUT, +0.45% chart Thursday, for the first time in about 11 months. Many technical analysts believe the pattern, in which the 50-day moving average crosses below the 200-day moving average, marks the spot a shorter-term decline transitions to a longer-term downtrend. The small-capitalization stock tracker's was up 0.4% in afternoon trading, with the 50-day moving average slipping to 1,521.94 and the 200-day moving average rising to 1,521.95, according to FactSet. The Russell 2000's last death cross appeared on Nov. 14. The index tumbled another 16% before bottoming at a 2-year low on Dec. 24. The current death cross comes about 5-months after a "golden cross" pattern appeared on May 7, which was a day after the index peaked at a 7-month high. Meanwhile, the S&P 500 SPX, +0.80% was up 0.6% on the day, and its 50-day moving average was still 3.7% above its 200-day moving average

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.