Double Jeopardy

What you are looking at in the chart below is the 50 and 200 day moving averages of the very same S&P over two different cycles or time horizons. Focus especially on the relationship of the 50-day MA to the 200-day MA along with the directional movement of the 200-day MA. Does this chart along with the moving averages provide you with any clues about the direction of the market? Tomorrow, we will identify the time horizons.

Source: Contrary Investor