Notice when both the Golden Cross and Death Cross occurs, the market tends to revert towards that level, even if briefly, before resuming the trend.
From the Golden Cross in the ES (S&P 500 mini future) in 2009
The Crude Death Cross (from all time highs) in 2008. We see the reversion happen slightly early, but still close enough to validate this theory.
Crude Golden Cross in 2009, sometimes the market gives you a second chance as can be seen here.
The Death Cross in the ES (current). Will you get another chance to get out of stocks?
Was this past week the last chance to get out of stocks? I think so, but then again I am just a chump.
Chump1 is currently net short stocks and ES futures
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