olly_price
Long

Golden cross formation on S&P500

FX:SPX500   S&P 500 index of US listed shares
This is a classic bullish signal. Although some disagree with this due to the fact that moving averages follow prices, rather than the other way round...

Research shows that on average, after a golden cross occurs the S&P500             has gained >11% 12 months after. I think that if this does come to fruition, we will still see some downside as a correction to the current rally.
Yellen will come in and tell no rate hike for 2016- 2017 and market will rally 200 points. Fed call the game do not go against the Fed they always win. All central banks are supporting the market EU JPY China
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I think when the pull back comes and it falls below the 200 day like it did in previous rally then long bias is officially over...Market made a lower low already
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Ma is a lagging indicator
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