In the US Golden Crosses are good short term but often Death Crosses have better returns than Golden Crosses
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Interesting ...Death Crosses are good -
On average, for the time horizons tested, golden crosses show positive returns over the short term for most sectors. When comparing golden cross and death cross returns over the two different time horizons we see some interesting results. Our expectation of golden cross positive performance holds mostly true for our longer time horizon back to 1998. However, counterintuitively,
it appears that death crosses also have positive returns and even outperform golden crosses in our current bull market. Rather than giving a signal to sell or short a stock, the death cross has been an indication to buy at a low price (and be rewarded with a stock price turnaround).
https://insight.factset.com/are-gold..._hsmi=64046482