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Bullmakrket

Is this the best breath indicator for the S&P 500?I don't know if I even have to explain this chart. Is just too easy to see. The number of SP:SPX stocks above its 200-day MA confirmes a bear market when crosses below 50, and confirms a bull market when crosses above the same level and stays there. It has happened for the last 3 bear markets. Also, is good to point out that is better to use it for bottoms than for tops. Everytime it touched 20, it was a mayor bottom for the SP:SPX . For tops there has to be divergence. This time, just like in the 2015-16 bear market, it crossed the 20 line two times. And the second time marked THE bottom. Will it be different this time? As long as it doesn't goes below the 50 line again I'll behave as if we are in a bull market. Don't wait for the news to catch up with the market.
INDEX:S5THLong
by dpuleo19
1
The Bull Market is still intactAs you can see by the lines drawn that the Bull Market is still intact and as of right now this is a blip on the screen. But I want to say that this could turn on a dime if consumer confidence takes a big hit because the consumer is almost 80% of our entire economy so if that takes a hit then all bets are off. But until that happens we are still in a defined Bull Market chart pattern and were really not even all that close from breaking below the lower end of our defined channel.
TVC:DJI
by WEiWebDesign