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.
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
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
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.
No evidence of a bottom formation yet + price < 150day ema
The primary trend is DOWN for now - bear-market rules apply.
