If you have never heard about this “Death Cross” thing then I strongly recommend that you research it, to know what happens once a Death Cross has formed.
I want to know before any DC forms, not after. Sure this could keep rolling around the 50-day MA, but as soon as this market is set to turn down, then the 50-day will slice through the 200-day MA and an instant Death Cross will get formed. I saw very quickly that this 50-200-day MA could enhance my Cycle degree forecasting and trading that I have incorporated it, as one of my official indicators that can be use in Cycle degree wave analysis. I’m working on about 5 indicators which is all you need to spot a crash before it happens.
I changed my wave position to an Intermediate degree 5 wave run, because we may get a Cycle degree zigzag in stocks as well. The odds are increasing every week and month that goes by. If any part of this decline starts on a fast descent, then we could also be looking at an Intermediate degree zigzag crash. There is also a high degree of correlation going on with the gold sectors as they all are ending up crashing together. This is going to be a deflationary crash that will make the 2008 crash look like a garden party.
The 2008 crash lasted about 8 months during it worst phase, now imagine the same thing, but lasting 1-2 years. If there are young Millennials out there looking to “invest” in their own home, then I strongly suggest to wait for three years. This insane real-estate market will show you a whole new landscape by the end of Cycle degree wave 4.