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Pay attention to the stock market’s golden cross but not for the reason you may read about

There is a new so-called golden cross in the stock market. Consider paying attention to it, but not for reasons others have cited.

Let us explore the issue with the help of a chart.

Chart

Please click here for an annotated chart of S&P 500 ETF SPY, +1.14% Investors may also want to observe similar behavior on the charts of Dow Jones Industrial Average DJIA, +1.17% Nasdaq 100 ETF QQQ, +1.30% and small-cap ETF IWM, +0.91% Those don’t produce a golden cross or a death cross at the same time. Please note the following:

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