Replies to post #85 on SPX Technologies Inc (SPXC)

[rarefind]

flow consolidating in a very tight range now.........fyi Golden cross forming.........rareF

The technical signal in question is called a “golden cross.” A golden cross develops when a shorter-term moving average rallies to cross above a longer-term moving average. Because the shorter-term moving average reflects more recent price action relative to the longer-term moving average, this kind of development is typically interpreted by market technicians as a significantly bullish sign

In truth, any pair of moving averages can be used to create the golden cross effect — a point critics of technical analysis never tire of making. However, for most chart watchers, the classic golden cross develops when the 50-day moving average of a market crosses above the 200-day moving average of that market.