Is the Bear market that began January 2022 over?
- Thread starter margin_gamble
- Start date
BEAR market continuation first sign from TA is of course from one of the things god given as FREE to all mankind .... like Water = Trendlines
Dow Jones trendline is creaking and can't handle the steep slope
Dow Jones trendline is creaking and can't handle the steep slope
SPX trendline still strong
NYA (New York Stock Exchange composite)
Trendline creaking like that in the Dow Jones
Trendline creaking like that in the Dow Jones
Dow Jones Transports trendline still strong but more than strong it has a higher steeper slope. However therefore expect the fall from grace when it occurs to be also steep and cause many to say the transports are leading the charge south
Russell 2000 still OK but looks like will crack on the next bar
S&P 1500 composite ..... strong, strong, strong but the 200-day ema is just ahead. Ouch!
Good luck girl. Your day of reckoning is at hand.
Good luck girl. Your day of reckoning is at hand.
SPDR Home builders ETF (XHB)
Trendline still holding up
Yikes. Smack into the 38.2% level with the Sheriff (200-day ema) breathing down her neck from just above. Formidable!!! Housing has been a sell sell sell anyway for quite a while despite what the Media says about how its holding up here and there bla bla
Trendline still holding up
Yikes. Smack into the 38.2% level with the Sheriff (200-day ema) breathing down her neck from just above. Formidable!!! Housing has been a sell sell sell anyway for quite a while despite what the Media says about how its holding up here and there bla bla
GOLD
purrrrfect uptrend line for the current rally. Its breathtakingly gorgeous
Not a single one of the gold bug heavy hitters appears to have seen my new trendline shown on the right of chart i.e. the downtrend line from the top. with Goldie just running into it T O D A Y
Goldman has not, BofA has not, neither has Joe Biden's staff.
See my previous posts on gold and the blue line shown before is still here . The thing is we see 5 waves down. If this is correct Gold will rally to at least 50% or into the zone of the previous 4th wave of one lesser degree at around 1850 to 1880.
However it is a play ear Long if anyone wants to do it. I suspect Wave 3 is the extended wave and we have one more to go down before "3" is complete. But I'm not sure. Play by ear
purrrrfect uptrend line for the current rally. Its breathtakingly gorgeous
Not a single one of the gold bug heavy hitters appears to have seen my new trendline shown on the right of chart i.e. the downtrend line from the top. with Goldie just running into it T O D A Y
Goldman has not, BofA has not, neither has Joe Biden's staff.
See my previous posts on gold and the blue line shown before is still here . The thing is we see 5 waves down. If this is correct Gold will rally to at least 50% or into the zone of the previous 4th wave of one lesser degree at around 1850 to 1880.
However it is a play ear Long if anyone wants to do it. I suspect Wave 3 is the extended wave and we have one more to go down before "3" is complete. But I'm not sure. Play by ear
sorry forgot the trendline
