Is this a sign of the end of a bear market?
SMA 50 is cutting above SMA 100 and SMA 100 looking flat based on Adam Khoo theory.
The SMA 200 has yet to slope upwards (once this is confirmed upwards new bull market is confirmed).
Some experts believed that in order to signal end of a bear market the VIX has to hit above the reading of 40 before it begins to signal end of bear market.
So far it has not. Let's observe.
SMA 50 is cutting above SMA 100 and SMA 100 looking flat based on Adam Khoo theory.
The SMA 200 has yet to slope upwards (once this is confirmed upwards new bull market is confirmed).
Some experts believed that in order to signal end of a bear market the VIX has to hit above the reading of 40 before it begins to signal end of bear market.
So far it has not. Let's observe.
Note
Seems like it's bullish to date!
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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.
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.