BoA: Don’t Be Afraid Of The Small-Cap Death Cross

For technical traders, the death cross is one of the market’s most bearish signals. The exact opposite of a golden cross, a death cross is a chart pattern indicating the potential for a significant selloff. It is generated by a cross of the 50-day moving average below the 200-day moving average. Q3 hedge fund letters, conference, scoops etc On the 14 November 2018, the Russell 2000 signaled its 29th Death Cross since the index’s inception in 1979, but far from being an extremely bearish signal, Stephen Suttmeier CFA, Bank of America Merrill Lynch’s Technical Research analyst, believes investors this could…