OK, so can we all FINALLY agree that the 2022 lows are behind us?

[MKTrader]

$SPX is a snatch hair away from a 38.2% retracement of drop from ATH. Actually 17.66 pts higher it needs to go.

Then I'd say it needs to clear 50% retracement before bear is likely done, so no - "more lows coming" is still in play.

Newsflash: the market has no respect for Fibonacci, Gann, Elliot, moon phase, river depth, Homer Simpson or Fred Flintstone levels. Those are simply man-made fabrications people try to impose on the markets. Occasionally they're reached via self-fulfilling prophecies, but they have no predictive value or edge.

 

[murray t turtle]

Well you know what most people do when they see the market going down, they sell their stocks or redeem their mutual fund units and keep them in term deposits now that the interest rate on them is above 0. So in terms of alternatives to stocks, I think right now with the interest rate being so high, it would be the term deposit, it's guaranteed return with (almost) no risk.

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Sure+ i agree ANY term deposit or any kind bank interest beats panic selling mutual funds\stocks.
Plenty of risk though\ with inflating average 10%+\good imagination to call bank rates or bonds paying a hi rate.....................................................

 

[Secatu]

I'm not a chart guy, but look at the bumps - 3rd high and we fall.

 

[murray t turtle]

I'm not a chart guy, but look at the bumps - 3rd high and we fall.

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I'm a chart guy\ bear market\ but oVer due for a good bear rally\
maybe thru early AUGust/ anyway.........................................................

 

[nooby_mcnoob]

%%
I'm a chart guy\ bear market\ but oVer due for a good bear rally\
maybe thru early AUGust/ anyway.........................................................

still not a bear market

 

[schizo]

It was NEVER a bear market in the first place.

 

[Relentless]

Newsflash: the market has no respect for Fibonacci, Gann, Elliot, moon phase, river depth, Homer Simpson or Fred Flintstone levels. Those are simply man-made fabrications people try to impose on the markets. Occasionally they're reached via self-fulfilling prophecies, but they have no predictive value or edge.

Years upon years of watching charts print says otherwise (not the wisecrack mentions) - but to each their own.

More than one way to skin a cat. Just because you think certain things do not work or have not been able to make them work for you does not in fact mean they are fodder.

 

[Secatu]

For the love of our mother... It's coming down - just wait.

 

[Overnight]

It was NEVER a bear market in the first place.

What is your definition of a bear market?

 

[earth_imperator]

What is your definition of a bear market?