In a "golden cross" formation, the 50-day moving average crosses the 200-day moving average from...

|By:, SA News Editor

In a "golden cross" formation, the 50-day moving average crosses the 200-day moving average from below. It happened in the S&P today for the first time since June 2009, and the market gained 22% over the following year. Bespoke's Paul Hickey says it's an even more reliable indicator when it happens on Nasdaq - as it did yesterday.