...
Craig runs the somewhat famous
tfmetalsreport.com, and today released his latest chart re a dangerous cross re the S&P 500. His thesis is that when the 6-month moving average has a bearish (ie, S&P movong down as well) cross of the 24-month moving average, then the door is slamming shut (bear market beginning) -- meaning an indicator of a large decline in stocks is upon us.
Here is his chart from Dec 2015 when he wrote of his idea:
Well, today he updated his chart, focusing on the last five weeks or so, note a cross...:
Note he switches (reason unknown to me) the green and red colored M.A. curves (from the Dec chart to today's chart), but I think you all will see what he is trying to communicate...
I do NOT do technical analysis (or have much faith in it), but there are plenty of "market pros" who do. Smart investors look at lots of different kinds of information.
