The golden cross is a bullish breakout pattern formed from a crossover involving index short-term MA (50) breaking above its long-term MA(200). Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes.
Is the Golden Cross the sign we have been waiting for? Will the index resume its uptrend and break the 8000 resistance convincingly?
No one knows for sure, so it pays to be always ready no matter what the next few weeks will bring; I have my trading plans in place, whichever direction the market will take. I'm so ready I can't wait!
Good luck to us all my fellow traders.
