Charlie’s Charts 3rd July 2025
The local market is down today and looks to be struggling to move above the 8,600 level for now. The US based S@P 500 index just completed a cross of the 50 day moving average above the 200 day moving average, commonly called a Golden Cross. There have been 38 Golden Crosses over the past 75 years with a median one year return of around 13 per cent. The signal was profitable 81 percent of the time one year later. Another positive indicator is that since 1988 when May and June close higher shares are on average up 14.8 per […]