Investopedia explains 'Golden Cross' As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market. Technicians might see this cross as a sign that the market has turned in favor of the stock. Read more: http://www.investopedia.com/terms/g/goldencro...z26esuRXve