S&P 500 formed bullish 'Golden Cross' pattern signaling potential continued market strength
Strong technical signals support maintaining higher allocation to C, S, and I equity funds
Market consolidation suggests stability after recent gains with positive momentum intact
The markets had a consolidation week as the S&P 500 closed at 2065. What was significant was that on Monday the S&P 500 had a “Golden Cross”, with its 50 day Moving Average (MA) crossing above its 200 day MA. This usually signifies bullishness and as such, we’ll maintain our current allocation and remain 85 percent in the equity funds (C/S/I).
The markets had a consolidation week as the S&P 500 closed at 2065. What was significant was that on Monday the S&P 500 had a “Golden Cross”, with its 50 day Moving Average (MA) crossing above its 200 day MA. This usually signifies bullishness and as such, we’ll maintain our current allocation and remain 85 percent in the equity funds (C/S/I).