Well, the case against a Bull market anytime soon is mounting up. Surprisingly Covid does not even make the list.
1 Stimulus Stopping
2 Interest Rates Increasing
3 Supply Chain Pressure
4 Inflation
5 Commodities Surge
6 Potential War in eastern Europe
I sold all my ETF investments 4 weeks ago, actually on the right of the chart after the 7% catastrophe flag occurred. The 7% Catastrophe flag indicators a 7% drop in the index in 1 week. Any drop above 7% is tested to be a serious precursor to a bear market.
My Moses crash detector signal has been flagging a bear market for 2 weeks.
I plotted the downside targets with black arrows. Of course, the 100 weeks MA is a very close target.
I don’t see any light until potentially April.
Let me know what you think.
Stay safe.
Barry
If you like – like. Want more – follow
1 Stimulus Stopping
2 Interest Rates Increasing
3 Supply Chain Pressure
4 Inflation
5 Commodities Surge
6 Potential War in eastern Europe
I sold all my ETF investments 4 weeks ago, actually on the right of the chart after the 7% catastrophe flag occurred. The 7% Catastrophe flag indicators a 7% drop in the index in 1 week. Any drop above 7% is tested to be a serious precursor to a bear market.
My Moses crash detector signal has been flagging a bear market for 2 weeks.
I plotted the downside targets with black arrows. Of course, the 100 weeks MA is a very close target.
I don’t see any light until potentially April.
Let me know what you think.
Stay safe.
Barry
If you like – like. Want more – follow
Note
I guess my MOSES system was right.liberatedstocktrader.com/etf-investing-strategy-moses/
Note
MOSES was correct in Feb, and is still correct today.Note
Still nailing it
Barry D. Moore CFTe Financial Technician
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Barry D. Moore CFTe Financial Technician
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.