The opposite happened... I wouldn't count on that. especially with the beautiful sandwich candles of the past 2 weeks.
+ this week candle is quite ugly, shows a good rejection of the down trend line + march 2nd retracement = 0.786 fibo retracement:
"The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages." investopedia.com/terms/d/deathcross.asp#:~:text=The%20death%20cross%20is%20a,and%20200%2Dday%20moving%20averages.
+ actually the cross didn't happen yet, we could still see a rejection...
but my conclusion is that I wouldn't rely o nthis as an indicator.
For me it had no meaningful impact, what I mean is that it didn't especially boost the trend...actually the slope of the MA is flat/decreasing, which means that the bulls are not gaining additional traction:
Actually as I am from Europe and I have my savings in EUR, I tend to look at this relative to EUR (so SPX/EURUSD)... and although it crossed, it's crossing back again.
S&P up almost 40%. To 4300