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The original was posted on /r/Superstonk by /u/Lostcorpse on 2023-07-04 05:39:15+00:00.
Hello again, Superstonk!
As the Knight of the Golden Cross, I feel it’s my duty to come out of lurking and report that today we had another Golden Cross.
Some of you may remember my posts from last year that tracked the convergence.
To recap, the last golden cross (purple arrow) was on August 16, 2022 and we saw a Death Cross (blue arrow) on October 7, 2022.
Here’s the graph and the log graph cuz I remember some of y’all prefer it:
FAQ:
What is a Golden Cross? Investopedia’s definition, it’s when the 50 day Simple Moving Average using closing prices crosses above the 200 day SMA. The Golden Cross is a lagging confirmation indicator, meaning that it confirms we are currently in a bull market.
Death Cross is the inverse.