Just as we warned yesterday, unless the Dow can miraculously rally over 17,850, The Dow will close in a Death Cross pattern. This is the first time that the 50-day moving average crosses below the 200-day moving average since August 2011 (which was followed by a 1300 point swing from high to low in The Dow)...
For the first time since Aug 2011, The Dow Death Cross'd...
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And this is what happened last time...
[3]
After a reflexive bounce, The Dow dumped 1300 points in 4 weeks.
