Rate of return is still bullish but rate of friction is bearish. This lead to stronger bearish market to normalize returns.
Large deviations of lows from trendlines: cumulated weakness for next quarters. Trendlines are not support/resistance but indicate tendency.
From P/E perspective: cheap assets and baskets (markets) are on target. We can expect bollinger band as reference to movements (a kind of threshold). Positive deviations from upper band may be expected
Decreasing deviations from averages: bullish for #gubrf
Historically equilibrium model works for markets. Bulls spended more time above green line (picture). Market needs to equalize it because volatiliy is high. More time is needed for bears to navigate under green average lines
- Small but important negative deviations in base region started - negativity leads to reaction in favor of bull market