“Watch out for the ‘death cross'” ran the title of Saturday’s Money Morning round up.
But what is a death cross? What does it indicate? And just how reliable is it?
These are pretty pertinent questions. We have death crosses forming across global markets – confirmed in Japan’s Nikkei and the Shanghai Composite; forming in the FTSE 100; in oil and in copper; and looking likely in the Dow, Nasdaq and S&P 500.
So let’s take a look at this commonly-used technical indicator in today’s Money Morning …