The Death Cross is a crossover resulting from a security’s long-term moving average breaking above its short-term moving average or support level. 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. Well…here we are and we shall see if this definition holds true because today we hit the 200 dma.
Tagged: day trading, Death Cross, spy 
