RE:UP UP UP GOLDEN CROSS Exactly my point of a few days ago. This is BIG and we are getting there quickly.
The golden cross occurs when a short-term moving average (50 dma) crosses over a major long-term moving average (200 dma) to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market. Basically, the short-term average trends up faster than the long-term average, until they cross.