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Golden Cross v Inverted Yield Curve

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Many have been pointing out the Golden Cross in the S&P over the last few days which is of course bullish while at the same time the recent inverted yield curve possibly predicts recession. You wait ages for a signal then two come at once but in opposite directions.

Two problems arise,1/  the recession can occur years after an inversion and 2/  this cross has a problem, the 200 sma is horizontal which to my mind detracts from the pattern. It's been basically horizontal since Oct so the bear run that the golden cross is suppose to signal an end to never really got going in the first place, horizontal MAs are signalling no trend and continuing consolidation. Happy to be contradicted if anyone else has a view. 

 image.thumb.png.49fd41149a3c35a01d51ab3d027d688e.png

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