Spot the Bear. Weekly chart analysis of S&P500

[romik]

I will post my chart on Fridays. Everybody welcome to post theirs together with personal view of posted chart. One condition please, no charts below weekly time frame. Links to articles that express news that may affect macro economics are also welcome.

 

[Tavurth]

Alright, can we see the bear?

Two charts of the almost same period (200 weeks)
200 Weeks:

1000 Days:

 

[loyek590]

no, but one of these days, that 18,000 dow is going to have to make up it's mind. It's like a magnet. It's where all us baby boomers get out to re allocate. Time to turn it over to gen x?

10 or 20% correction would be healthy for me and especially healthy for people with jobs who buy in their IRA or 401k each month or quarter.

it's bounced up against 18000 time and time again, what is that they say when something breaks resistance?

 

[romik]

No bear in sight. Will carry on buying dips on 240m chart that register oversold on RSI with stops below the low on current oscillation.

 

[romik]

Will carry on buying pullbacks based on oversold conditions. Trend remains UP.

 

[romik]

According to Renko I see a possibility of a breakout, rather than a breakdown.

 

[romik]

The general idea is to stick with predominant trend until the time the tide turns.

 

[Tavurth]

According to Renko I see a possibility of a breakout, rather than a breakdown.

View attachment 153980

I enjoyed this chart as it made me unsure of my assumption. After a complete reboot of my system, I'm again confident that down is our direction.

 

[romik]

I enjoyed this chart as it made me unsure of my assumption. After a complete reboot of my system, I'm again confident that down is our direction.

Can you be confident in an assumption?

 

[Tavurth]

Can you be confident in an assumption?

An assumption is confidence based upon fact. The more recently tested the fact, the more confident the assumption.