In early July, the market experienced a Black Cross — also known as a Death Cross. Should you be concerned? This video seeks to answer that question.
But before we can answer that, we have to know what a Black Cross is… And what about its inverse, the Golden Cross?
This video looks at Black and Golden Crosses, what they are, what they tend to mean for the market, and how accurate they’ve been at predicting big gains or losses over the past 11 years.
In this episode, you’ll learn:
– What a black cross is (0:45)
– How accurate the past five Black Crosses have been (1:05)
– How accurate the past four Golden Crosses have been — and what a Golden Cross is (2:30)
This episode also takes an in-depth look at the most recent Black Cross, which took place in early July. The market is actually up around 13% since that Black Cross took place: Does this mean it was a false signal? Watch and find out.
Historically, the Black Cross has been a fairly accurate predictor of massive stock market losses, but even when it’s been wrong, the gains have been comparably minimal. The Golden Cross, on the other hand, has yet to be wrong in four instances over the past 11 years. Watch this video to find out exactly what each of these terms mean, and to know when we might experience another Golden Cross.
CEO, Wealthpire Inc.
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