As shown in the Insert Graph above the S&P 500 on the weekly bases is tracking the bear market drop of 2000 (this is from the second peak). If it continues the trend, it is likely to bounce soon. This is probably nothing new, as many have already pointed this out for other reasons/indicators. But I figured I should share the close correlation in timing and drop...
I have seen multiple post including some educational ones focusing or showing how to use the Moving Average (MA) as a sell or buy signal.
Here, we have one of the many examples of why it can be dangerous to use a single tool as a "buy" or "sell" signal, especially when that tool is a technical analysis tool.
I'm sure there are plenty of example of consistent...
