Bear Market Rallies are a common phenomenon during the Bear Market and usually have multiple selling climaxes and declining volume on the rallies.
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Now, I am going to dive into different charts to show you the confluence of what I am saying.
First up, $VIX 👑
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💡 Look for divergence when #VIX makes a lower low, #stocks should make a higher high and when it does not happen, we can anticipate a turn in the markets.
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💡 Indicies Divergence
Monitor Three Major Indices: #DOW#NASDAQ#SPY and look for divergence, all three indices should follow each other and make higher highs and lower lows in tandem. When it does not happen, we can anticipate a turn in the markets.