My Authors
Read all threads
Nobody knows when this bear will end. Very tough to forecast what an emotional mob will do tomorrow or next week.

No need to predict though. At the lows, we will see base formation, higher low/higher high + finally, price will go above the 150 day ema.

That'll be confimation.
2) $SPX (00-03 bear market lows) -

Base formation, retests and finally, price > 150day ema
3) $SPX (07-09 bear market lows) -

Retest of Nov low; resulting in a lower low* in March 09 and finally, price > 150day ema.

*In march '09, $NDX made a higher low
4) Current bear-market (20-?) -

No evidence of a bottom formation yet + price < 150day ema

The primary trend is DOWN for now - bear-market rules apply.
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Puru Saxena

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!