So, what's it mean?
A bullish “golden cross” pattern has appeared in the Dow Jones Industrial Average’s chart, to suggest a new longer-term uptrend has begun, exactly three months after the opposite “death cross” warned of a downtrend.
The Dow slipped 19 points in afternoon trade, paring earlier gains of as much as 196 points. That has lifted the index to within 934 points, or 3.6%, of its Oct. 3, 2018 record close of 26,828.39. Golden and death crosses aren’t always good market timing signals, as they are usually telegraphed well in advance. They can, however, act as a reminder that the recent market trends have lasted long enough and traveled far enough to be considered more than just a typical bounce or pullback.
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