Our friends over at ZH have been touting the fact that a “death cross” is looming with the Russell 2000. Well………….kind of.
What they seem to be highlighting is the fact that the simple moving average is about to do a crossover, which it hasn’t done since the last meaningful market fall three painful years ago.
What I think would have more meaning (and isn’t close to happening yet) is if the exponential averages did a crossover, since those take recent price action more into account. Until and unless that happens…………..bleargh!