Spot the Bear. Weekly chart analysis of S&P500

Continue selling rallies.

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Monthly death cross is upon us, oops a daisy :/

Is that the first ever potential flat top on monthly?

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Gold monthly looks set for a countertrend move, which is inline with an expected decline in equities. I sense as stocks sell off the FED will come up with another set of emergency measures that would result in gold performing basically a dead cat bounce and equities resuming the uptrend after a 'scary' last quarter of 2015.

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Continue selling rallies, correction isn't over.

Weekly. Still see 1,700 zone as a likely area, everyone is psyched about current rally, we shall see. My stop on a short remains just above ATH.
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Monthly death cross, MACD'S histogram negative.
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The US equity markets have risen 215% over the last 6 years or so. The authors of one of the blogs I read have looked at data over the last 140 years, and they have found a very clear indication that the high P/E at the start of this bull market means a very steep fall when the inevitable bear market comes around. They have also pointed out that the current rate of change is in extreme territory and is exceeded only by three other market up-moves: the roaring bull market of twenties leading into the Great Depression, the bull market of the fifties and the technology boom. Further, the trajectory of the up-move is similar to that of the market leading into the highs of 1929 and the highs in 1938 3 .

Is it about time to get your life jackets ready?

Read the post here: http://multi-act.com/bull-market-danger-will-robinson-danger/
 
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