S&P 500 Closing In on Golden Cross With Dow After Bull Signals

  • Both benchmarks sent bullish harami indicators this week
  • They also exhibited death crosses about four months ago

The Standard & Poor’s 500 Index and the Dow Jones Industrial Average are verging on golden crosses with their short-term moving averages poised to close over their long-term lines after both sent another bullish technical signal this week.

After exhibiting death crosses in the summer, the approach of the indexes’ 50-day lines topping their 200-day marks follows both benchmarks sending so-called bullish harami technical signals on Monday.