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Golden Cross up ....

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The 200-day moving average resides at 7786874, which is below the current market offering underlying technical support on a psychological basis. This market is moving into what is called the Golden Cross, when the 50 unit moving average crosses above the 200, warning that the market may technically turn sharply to the upside. which is below the market at 7786874 given the last Daily closing of 9781900 while the 50 Daily moving average resides at 9923052.
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The 200-day moving average resides at 7805594, which is below the current market offering underlying technical support on a psychological basis. We have unfolding what is called the Death Cross, when the 50 unit moving average crosses beneath the 200, warning that the market may technically turn sharply lower. which is below the market at 7805594 given the last Daily closing of 9659500 while the 50 Daily moving average resides at 9917258.

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