Part 10: The Final Part.
A short call at $9,500 above the 200 Day MA, have I gone mad? This part was an attempt to look at the bullish case of rallying above the 50 & 200 Day bear cross, but unfortunately we've seen this twice before and it only once gave us the bullish case we were hoping for, the other three cases were bearish.
context is everything. the death crosses that actually followed through occurred after bubble pops, in april 2014 and april 2018. these aren't representative of our current market position.
the failed death cross in september 2015 seems like a much more accurate comparison---the first pullback after a long term bullish reversal/trend change.