What Does Death Cross Mean? A crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level.
Investopedia explains Death Cross As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market.
Considering how much we've dropped. I dunno how much more bearish we can get. :)
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