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Benzinga
Benzinga
Business
Piero Cingari

The Dow Jones Just Saw A Coveted Golden Cross — But There's A Plot Twist This Time

Dow the Dow Jones Dow Jones Industrial Average TradingView
Tallinn,,Estonia,-,August,4th,2023,-,Screen,With,Stock

The Dow Jones Industrial Average just gave a classic bullish signal — but traders might want to hold the champagne.

On July 16, the Dow's 50-day moving average crossed above its 200-day moving average, forming a golden cross — a pattern widely seen by technical analysts as a sign of bullish momentum.

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