Wednesday, April 8

IS Rally in S&P is Bear Market or Bull Market ?


This chart is a simple, weekly chart of the S&P 500 showing the end of of the last Bear Market compared to where we are on this one.

The last Bear Market ended when the S&P broke a trend line to the upside, AND when its C-RSI (Relative Strength) reading went positive.


Now in the current scenario S&P is still not able to cross the Trend line and C-RSI is in neagtive region which adds to the fact that we are still in Bear market and it is a bear market rally.

Now, look at where we are and forget what the TV pundits and analysts are telling you.


0 Comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Subscribe to Post Comments [Atom]

<< Home