Golden Cross: A signal where the shorter moving average moves above the longer moving average. Usually, this term is associated with the 50-day moving average crossing above the 200-day moving average. Currently, NQ 50-day moving average is $7.08 and the 200-day moving average is at $7.19. This is a bullish chart signal.
Looks like we have the cross. Typically you see heavy buying many automated buying programs scan for these situations and kick into buying mode. Could see a few points in the next couple trading sessions.