Reuters / Brendan McDermid
- The Dow Jones Industrial Average just reversed a bearish signal that flashed on Monday.
- The bearish "death cross" that took place earlier this week was reversed into a bullish "golden cross" on Wednesday.
- The moving average cross-over strategy is a lagging signal often used by traders and technical analysts.
The October CPI report sparked a big enough rally in the stock market this week to flash a bullish buy signal and reverse a short-lived technical sell signal that developed on Monday.